4011 South 16th Street
Phoenix, Arizona 85040

info@roberto-venn.com

Phone 602-243-1179
Toll free 800-507-FRET
Fax  602-304-1175

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Financial Aid Programs


How to Apply
Other Resources

Roberto-Venn School of Luthiery is accredited by the Accrediting Commission of Career Schools and Colleges of Technology (ACCSCT), and participates in several Federal Student Aid programs. For your information, here is a brief overview of these programs:

PELL Grant
As the name implies, the PELL grant is direct funding from the government. It does not need to be repaid like a student loan, and carries no interest charge.  

  • The student must demonstrate financial need to receive a Pell grant. The amount of the award is calculated by the government, based on the student's financial need.
  • This program is not available to students who already have a Bachelor's (or higher) degree.
  • For the 2007-2008 academic year, the maximum PELL Grant award available to our students is $3,242. 

Federal Stafford Loans
Stafford Loans are loans made available to students by the Federal Government to pay for their education. These loans, unlike PELL grants, do accrue interest and must be paid back in full. There are two different types of Stafford Loans available, and a student may qualify for one or both:

Subsidized Federal Stafford Loan

  • The interest rate of 6.8% is fixed for loans 1st disbursed on or after July 1, 2006.
  • A student must demonstrate financial need to receive a subsidized Stafford loan.
  • The Federal Government pays the interest on loan until six months after the student graduates, withdraws, or drops below half-time attendance, or in times of approved deferment.
  • Repayment begins six months after the student graduates, withdraws, or drops below half time.
  • For the 2007-2008 academic year, the maximum Subsidized Federal Stafford Loan for qualified students is $2,695.

Unsubsidized Federal Stafford Loan

  • The interest rate of 6.8% is fixed for loans 1st disbursed on or after July 1, 2006.
  • This loan is not need-based, but it is only available to independent students or dependent students whose parents apply for but are denied a PLUS loan to pay for their education.
  • Accrued interest could be capitalized (added to the principal of the loan). Capitalization occurs at different intervals depending on the lender's policy.
  • Repayment: Begins six months after student graduates, withdraws, or drops below half time.
  • For the 2007-2008 academic year, the maximum Unsubsidized Federal Stafford Loan for qualified students is $3,080.

Parent Loan for Undergraduate Students (PLUS)
This is a loan taken out by the parent to pay for the a student's education, and the parent, not the student, is responsible for repaying it.

  • Interest rate is fixed at 8.5% for the life of the loan.
  • This loan is not need based, but it cannot exceed the student's Cost Of Attendance (COA) less other financial aid awarded during the period of enrollment.
  • Interest begins accruing immediately upon disbursement of funds.
  • Repayment begins on the date the last disbursement is made. The first payment is due within 60 days after the loan is fully disbursed.
  • The PLUS Loan is subject to a 4% origination fee.

 

How To Apply
Financial Aid Programs
Other Resources

To apply for financial aid, you must fill out and submit a Free Application for Federal Student Aid, or FAFSA. You can obtain a free FAFSA: 

  • Online, via the Department of Education's website, at www.fafsa.ed.gov.
    • FAFSA on the web allows you to complete and submit your financial aid application electronically. The electronic form is designed to prevent you from making obvious mistakes or omitting required information, so it will speed up the processing of your application.

You will need to include Roberto-Venn's school code when completing the FAFSA. Our school code is: 014740. This will allow the Department of Education to send us an electronic report indicating your eligibility for financial aid.

Once we have received this aid report and you have officially been accepted into a class, we will send you an Estimated Tuition Payment Letter detailing any financial aid that may be available to you. If you would like to know your financial aid eligibility before applying to the school, and have already submitted your FAFSA to the government or the school, contact our Admissions Director.  

Other Resources
Financial Aid Programs
How to Apply

Veterans benefits are available to those who qualify.

Roberto-Venn participates in the Federal Family Education Loan Program. The lenders listed have been chosen by our institution because of customer service and outstanding savings.

Please note that you are not required to use one of these lenders. The office of Financial Aid will process your loan with any lender you choose.

 

LENDERS

Southwest Student Services Corporation
Benefit Description:

-Zero Origination Fees

-Zero Default Fees

-1 percentage point interest rate reduction after the first on time payment

-.25 percentage point interest rate reduction for automatic debit

These Southwest Student Services borrower benefits apply to Stafford loans first disbursed July 1, 2007 - June 30, 2008.

Interest Rate 6.8%, 1% Default Fee Paid by lender 

Student Funding Group

Benefit Description:

-Zero Origination Fees

-Zero Default Fees

-3.3% loan credit/cash back after 33 on time payments.

-.50 percentage point interest rate reduction for automatic debit

Interest Rate 6.8%, 1% Default Fee Paid by lender.

 

Sun Trust Bank

Benefit Description:

-Zero Origination Fees

-Zero Default Fees

-3.3% loan credit/cash back after 33 on time payments.

Interest Rate 6.8%, 1% Default Fee Paid by lender.

 

Tuition Answer Loan

Sallie Mae's additional educational funding source for students and parents.

TERI Educational Loans
TERI is an alternative educational lender. Many students access this organization if additional financial aid is required.

fastWEB
This site provides a search engine for a database of many of private and public scholarships available to students in different programs. While Roberto-Venn's program is highly specialized and is difficult to match with scholarship categories, students who do not qualify for Federal Student Aid or who are in need of additional funding might want to try this search.

Help in completing the FAFSA
This is a help page for the FAFSA sponsored by the Department of Education.

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