Financial Aid
You CAN Afford Pike-Lincoln!
You know that training and education are the best possible investment you can make for a secure, comfortable future. But did you know that at Pike-Lincoln we have ways to help you reduce the cost of that investment? Financial Aid is available to all qualifying students regardless of financial status, race, creed, or sex. You can afford Pike-Lincoln! Read our Financial Aid page which explains in detail the various ways of paying for your education. Keep in mind that many students who thought they couldn’t afford additional education are now attending our school, with one or more forms of financial aid. There’s no reason you can’t do the same!
Tuition & Student Fees
Tuition is reviewed and set annually. A $150 tuition deposit is required when the student is accepted in the program to hold a position in the next year’s class.
Refund Policy
Refunds will not be made to any student whose date of withdrawal is after the 60 percent point of the semester. After completing 60 percent of the semester, a student’s account will be charged the full tuition for that semester.
Refunds to a student or funding agency, will be calculated using the “Return to Title IV” process. Refund of charges assessed to the student by the institution, will not exceed the portion of the payment period for which the student has been enrolled and remains unused on the last day of recorded attendance by the student. Refunds will be rounded downward to the nearest 10 percent of that period less any unpaid charges owed by the student for the payment period for which the student has been enrolled, and less an administrative fee of $150.00. Refunds will not be made until at least 30 days after withdrawal.
Students will not be charged for books, supplies or fees for which costs have not been incurred, if the books are returned unused, and in excellent condition, within 10 days of withdrawal from the programs.
Refunds will be credited to the Title IV Programs in the following order:
Federal Stafford Loans
Federal Pell Grants
FFEL Plus Loans
Official Cohort Default Rate Search for Schools
https://nsldsfap.ed.gov/cdr-searchable-database/school/search
Applying for Financial Aid
1. The first step in applying for financial aid is completing the Free Application for Federal Student Aid
(FAFSA). It’s available through the Financial Aid office, or at the official government website. When filling in the FAFSA form, use Pike Lincoln Technical Center ID number: 013785
2. Apply for your program of choice
3. Consult with our Financial Aid Office regarding payment and funding options.
4. Submit any additional paperwork required by Financial Aid prior to classes beginning. This includes awards, letters, payment plans, sponsorship agreements, etc.
Federal Aid Programs
As a Pike Lincoln Technical Center student, you could have the option to participate in any of the following federal government programs:
● Federal Pell Grant. For additional information, please visit:
https://studentaid.ed.gov/sa/types/grants-scholarships/pell
● Federal Direct Loan Programs. For additional information, please visit:
https://studentaid.ed.gov/sa/types/loans
To participate in any of these programs as part of your school financial aid package, you must first fill out the FAFSA available online or through Pike Lincoln Technical Centers Financial Aid office. The preferred application date for financial aid is before March 15 for the fall semester. Contact the Financial Aid office at (573) 485-2900 or noahm@pltc.edu for more information.
State Aid Programs
Missouri residents may qualify for financial assistance from the state of Missouri. The state of Missouri uses the results of the Free Application for Federal Student Aid (FAFSA) to determine eligibility for state aid. The preferred FAFSA completion deadline to be considered for state aid is February 1; however, the state may consider applications filed through April 1. For additional information regarding state grant/scholarship programs, please visit the Missouri Department of Higher Education web site at:
https://dhe.mo.gov/ppc/grants/
Entrance And Exit Counseling
Borrowers must repay student loans. Once the student and/or parent PLUS borrower has accepted the loan(s) and the Financial Aid Office has originated the loan(s), the student and/or parent PLUS loan borrower may find their loan information by accessing the Federal Student Aid website. You can access the website here: https://studentaid.gov/
Remember to include your loan payment as a fixed monthly expense when developing your budget.
In order to help manage student debts and successfully repay loans, students should:
• Open and read any mail you receive regarding your student loans.
• Keep accurate records
• Stay current with payments
• Write your loan account number on all correspondence and all checks
• Utilize a repayment calculator to better determine monthly payments – sample calculator located here: http://www.finaid.org/calculators/loanpayments.phtml
All federal student loan borrowers are required by federal regulations to complete an Entrance Counseling session before your Direct Student Loan funds can be applied to your student account. Entrance counseling sessions are conducted in person and are facilitated by a staff member from the Financial Aid Office.
In addition, all student loan borrowers are required by federal regulations to complete an Exit Counseling session after they cease to be enrolled at least half-time. The change in enrollment status may be due to graduation, withdrawal or change in class schedule. Exit counseling sessions are conducted in person (when the borrower is available) and are facilitated by a staff member from the Financial Aid Office. If the student is not available for in-person counseling the Financial Aid Office will mail all appropriate loan information to the student.
Financial Aid Code of Conduct
The Financial Aid Office at PIke Lincoln Technical Center, in accordance with federal regulations, is committed to the highest standards of professional conduct. We are members of the National Association of Student Financial Aid Administrators (NASFAA) and follow its code of conduct.
(http://www.nasfaa.org/mkt/about/Code_of_Conduct.aspx)
1. No action will be taken by a financial aid staff that is for their personal benefit or could be perceived to
PLTC Adult Financial Aid Policy and Procedures Rev. 03/2024
1
be a conflict of interest.
● Employees within the financial aid office will not award aid to themselves or their immediate family members. Staff will reserve this task to an institutionally designated person, to avoid the appearance of a conflict of interest.
● RTC will not compile a preferred lender list for private loans.
● A borrower’s choice of a lender will not be denied, impeded, or unnecessarily delayed by the institution.
● No amount of cash, gift, or benefit in excess of a de minimis amount shall be accepted by a financial staff member from any financial aid applicant (or his/her family), or from any entity doing business with or seeking to do business with the institution (including service on advisory committees or boards beyond reimbursement for reasonable expenses directly associated with such service).
● Information provided by the financial aid office is accurate, unbiased, and does not reflect preference arising from actual or potential personal gain.
● Institutional award notifications and/or other institutionally provided materials shall include the following:
● A breakdown of individual direct costs designating all potential billable charges.
● Clear identification of each award, indicating type of aid, i.e. gift aid (grant, scholarship), work or loan.
● All required consumer information is displayed in a prominent location on the institutional web site(s) and in any printed materials, easily identified and found, and labeled as “Consumer Information”.
● Financial aid professionals will disclose to their institution any involvement, interest in, or potential conflict of interest with any entity with which the institution has a business relationship.
PLTC Adult Financial Aid Policy and Procedures Rev. 03/2024