Applying for Financial Aid
5 Tips for Applying for Financial Aid
Whether you are launching your first career or embarking on a mid-life career change, going to school can be a financial burden for anyone. The Soma Institute is dedicated to providing financial aid to all students who qualify. We want to set you up for success in order to have a thriving career and massage therapy practice, without being saddled in debt.
Our Financial Aid office works with all of our students to come up with a financial plan specific to their needs. There are many options Soma students may qualify for, including: monthly tuition payment plans, Pell Grants, Direct Loans, and Department of Veterans’ Affairs Educational Benefits.
In order to help you get the ball rolling, The Soma Institute has put together 5 tips when applying for financial aid….
- Apply for financial aid as soon as possible: the early bird does get the worm! Many scholarship programs have deadlines throughout the year. The sooner you start searching, the better opportunity you have to apply & submit applications on-time.
- Learn all you can about the college financial aid process. Be sure to meet a financial aid administrator and establish a relationship. Soma has a Financial Counselor to help students through the complex world of loan forbearance. The counselor also serves as a liaison with the U.S. Department of Education to find out all of the financial tools available to you. Soma's Financial Aid Counselor Services.
- Use the Net Price Calculator to determine your eligibility for Financial Aid by matching the criteria used to award financial aid amounts. The calculator factors tuition costs, room & board costs, and books & supplies costs in order to come up with a realistic expense plan.
- Investigate company-sponsored tuition plans. Many employers will invest in the education of their employees.
- And finally, check out any institution’s Code of Conduct. The Higher Education Opportunity Act of 2008 mandates all institutions of higher education enforce a strict code of conduct prohibiting conflict of interest. To find out more about The Soma Institute’s policy, visit: Soma's Financial Aid Code of Conduct.
Remember, school debt may be a good debt because it is an investment in your future! The Soma Institute wants our students to feel informed and understand a realistic cost to train for a new career and a new life. To find out more, visit Soma’s financial aid information page at: https://soma.edu/admissions/financial-aid/