School Merit scholarships or fee waivers may be offered solely at the discretion of the school Director to a student based on merit or need.
SCHOLARSHIPS are provided by some companies, professional associations, and religious groups to individuals or their family members seeking assistance paying for their education. Searching the internet is a wonderful way to see what might be available to you.
Financial Aid:
Financial Aid is available to those who qualify:
FEDERAL PELL GRANTS awarded based on financial need.
DIRECT LOANS – loans issued by the U.S Department of Education that must be repaid (with interest) DIRECT SUBSIDIZED LOANS – awarded to students who shows financial need.
DIRECT UNSUBSIDIZED LOANS are available to all students, regardless of financial need. DIRECT PLUS LOANS are only available for parents of Dependent Students. Financial need is not a consideration, but a credit check is required.
PRIVATE/ALTERNATIVE LOANS can provide additional funding to assist students with their education. These are provided by banks and credit unions and other private lending institutions. Information on these loans can be found on the web at a site like or you can apply with our partnering company Credit Climb.
STATE GRANTS are available through the Texas Department of Assistive & Rehabilitation Services
(DARS) which assists people who have disabilities prepare for, finding, and keeping jobs. To locate an office in your area visit: www.dars.state.tx.us or call 1-800-628-5115.
Texas Work Force Commission also aids students who qualify. Texas Career Opportunity Grants are a program for students enrolled in eligible postsecondary career education and technical training programs of licensed career schools and colleges in Texas. More information is available in the resources listed below. Please visit https://www.twc.texas.gov/partners/texas-career-opportunity-grants for more information.
“All options above are not available for every student. Please contact the office of Financial Aid for further information.
Title IV Funds Eligibility Criteria
For a student to be eligible to receive any Title IV funds, the student must:
- Comply with the school’s Satisfactory Academic Progress (SAP) Policy, included in the school’s catalog.
- Not be in default on a loan made under any Title IV, HEA Loan program.
- Must not have obtained PELL or loan amounts that exceed annual or aggregate PELL or loan limits under any Title IV or HEA PELL or Loan Program.
- Not liable for grant overpayment.
- Be enrolled at least halftime to receive assistance from the Direct Loan Program. (The Pell Grant Program does not require halftime enrollment, but the student’s enrollment status does affect the amount of Pell a student may receive.)
- Attendance for a full-time student is 30 hours per week. At Invictus Career College
- our full-time schedule is 32.5 hours/per week.
- Student must have a High School Diploma or a GED Certification
- Be a United States Citizen or an eligible non-citizen
- Have a Social Security Number
- Sign a statement of updated information
- Sign a statement of educational purpose or certification statement on refunds and default.
- The students must be enrolled as regular students in an eligible program to participate in Title IV.
Federal Student Aid awards are based on financial need. Need is the cost of education including direct and indirect cost (expenses such as tuition, fees, room/board, kit/books, personal supplies, transportation, and other related expenses). Also, the amount you and your family are expected to contribute towards your education.
Title IV Financial Aid Program:
The school participates in the Federal Pell Grant and William D. Ford “Direct Loan Program” Subsidized, Unsubsidized, and Plus loans. Subsidized loans are need-based; based on the school’s COA and the Students EFC a determination is made concerning need or lack thereof. Unsubsidized loans are not need-based. School personnel counsels each student carefully as a means of enabling students to minimize the amount of debt incurred while attending school. The Pell Grant is a grant to those that qualify
(qualifications are based on family earnings) and does not have to be repaid except in cases where a student fails to complete a specified percentage of a pay period of which they are currently attending. In cases where a student withdraws before completing 60% of the specified pay period, a portion of the grant becomes the student’s liability and as such may create a greater liability on the student in the terms of the balance owed to the school.
The financial aid administrator works with students in determining loan amount need(s) and loans must be certified by school’s financial aid office. All student loans are binding agreements between the student and the U S Department of Education and as such must be repaid. Failure to repay student loans by students to the U S Department of Education as scheduled on the promissory note will have adverse effects on the individual’s credit history. Students are apprised of expected federal funds for a specified award on or before the first day of class based on financial and other pertinent information the student provides to the school when filing or verifying FAFSA information. Federal funds are disbursed in pay periods hour increments. Disbursement of federal funds is contingent on students being in satisfactory progress at the scheduled disbursement date. Failure to maintain satisfactory progress as defined in the school’s satisfactory progress policy will cause a student’s federal funds to be withdrawn.
Apply for Financial Aid
Financial Aid is available for those who qualify. To apply for Federal Financial Aid, you must complete a Free Application for Financial Aid (FAFSA). This can be done by submitting a paper FAFSA by calling and requesting one at 1-800-4-FED-AID or on the web at
www.studentaid.gov. Federal Financial Aid awards and amounts are based on the information provided by the student on his/her FAFSA and are determined by the Department of Education. Invictus Career College’s Code for the FAFSA application is 041779.
