…Where there is a will, there is a way.
This is the philosophy at Southwest Institute of Healing Arts (SWIHA) when it comes to financing your tuition. There are options from Federal Student Aid programs to cash incentive concessions and work-exchange opportunities. We are dedicated to helping you turn your dream into a reality.
Begin your Application today:
Free Application for Federal Student Aid (FAFSA) The FAFSA application is utilized to determine your eligibility for the Federal Pell Grant/ SEOG Grant and the Direct Stafford Loan programs offered by the U.S. Department of Education.
www.fafsa.ed.gov, specify the SWIHA School code — 035933.
You will want to have your most recent year Federal Tax Return available to gather income information as required. After receiving confirmation and estimated eligibility from FAFSA, contact Admissions if you are ready to move forward with enrollment or the office of Financial Aid if you have more detailed questions about Financial Aid.
SWIHA Work Exchange – Do Your Dream
Need-based financial assistance program that provides part-time projects for students to assist in funding any tuition gap. Work Exchange projects are available both on and off campus.
Scholarship and grant funds for Native American students. Awards vary by Tribe, and are secured by the student prior to enrollment. Contact your Tribal Educational Liaison.
Tax Incentives for Higher Education
The tax code provides a variety of tax incentives for families who are saving for, or already paying, higher education costs or are repaying student loans.
You may be able to claim a Hope and Lifetime Learning Credit for the qualified tuition and related expenses of the students in your family (i.e., you, yourspouse, or an eligible dependent) who are enrolled in eligible educational institutions. Different rules apply to each credit. If you claim a Hope Scholarship Credit for a particular student, none of that student's expenses for that year may be applied toward the Lifetime Learning Credit.
You may be able to claim a tuition deduction of up to $4,000 of qualified education expenses paid during the year for yourself, your spouse, or your dependent. You cannot claim this deduction if your filing status is married filing separately or if another person can claim an exemption for you as a dependent on his or her tax return. The qualified expenses must be for higher education.
You may be able to deduct interest you pay on a qualified student loan. And, if your student loan is canceled, you may not have to include any amount in income. The deduction is claimed as an adjustment to income so you do not need to itemize your deductions on Schedule A Form 1040.
Resources to Help You Protect Your Credit
We recommend these exit counseling tools to all students who have borrowed loans and are now planning to graduate, leave school or drop below half-time.
Depending on your financial circumstances during repayment, you may want to consider different repayment options. Currently, there are four repayment options with the Income Based Repayment (IBR) being available effective July 1, 2009. Contact the Department of Education at http://www.dl.ed.gov to compare your repayment options.
Federal Direct Loan Exit Counseling
If you have a Federal Direct Stafford Subsidized, Unsubsidized loan, Graduate PLUS, you must complete the loan exit counseling session online at the US. Department of Education’s NSLDS website. The NSLDS website may require you to enter your SSN and/or Federal PIN. Please notify the Financial Aid Office when this is complete.
If you don't know who services or holds your loans, use the free Loan Locator service of the Student Access Web site of the National Student Loan Data System.
We’re Here to Help!
Everyone's financial situation is different. SWIHA is flexible and creative in working with the student in determining federal aid eligibility, payment plans, and potential work-exchange opportunities. Our Financial Aid Advisors are committed to helping you create a plan that will work for you. Feel free to contact us today!
Financial Aid Manager
480-994-244 ext. 147
Financial Aid Specialist
480-994-9244 ext. 133
Financial Aid Coordinator
480-994-9244 ext. 134