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High Desert Medical College announces Financial Aid and Veterans Assistance

financial-aid-office2US Department of Education Approves High Desert Medical College to Provide Students with Financial Aid and Veterans Assistance

Veterans and students of all ages will now have affordable access to educational programs specifically tailored to help them begin careers in fields experiencing rapid growth, with a focus on the health care industry.

Lancaster, CA March 20, 2014 – High Desert Medical College (HDMC), a college focused on providing students with hands-on training to help them quickly begin careers in the medical field, was recently approved for Title IV lending by the US Department of Education.

“Title IV lending includes the federal grants and loans students need to begin their collegiate careers,” said HDMC President, LeeAnn Rohmann. “We now have Pell Grants, subsidized and unsubsidized Stafford loans, work study, and Veteran’s Education Assistance available to make paying for college affordable for all students. Now they can quickly and easily access our hands-on programs, graduate, and begin making a good income in an exciting career field with solid long-term growth prospects.”

Each type of funding has different criteria which students must meet in order to qualify.

The options available include:

• Federal Pell Grant – Students are not required to repay grants. This grant ranges in value from $400 to $5000 or more, with the award amount depending on the student’s family financial situation, enrollment status, and the education remaining during the award year (July 1 – June 30).
• Veterans Education Assistance – “G.I. Bill” benefits are available to those who qualify, and strict qualification criteria can be found at the US Department of Veterans Affairs website.
• Federal Supplemental Education Opportunity Grant Program – Students with exceptional financial needs can receive this grant. It is awarded in addition to Pell Grant funds, if the student qualifies.
• Direct Subsidized Federal Stafford Loan Program – These loans have their interest paid by the government while the student attends college. Up to $3,500 can be borrowed the first academic year, and up to $4,500 during the second. Repayment begins six months after the student finishes attending college.
• Direct Unsubsidized Federal Stafford Loan Program – Interest on these loans is paid by the student while they attend college. $3,500 of combined subsidized/unsubsidized, plus $6,000 in unsubsidized funds can be borrowed during the first academic year. Those numbers increase to $4,500 and $6,000 in the second academic year. Repayment also begins when the student finishes college.
• Direct Federal PLUS Loan Program – Parents with a good credit history can get these funds to help their children pay for college.
• Work Study – This program provides part-time jobs for students to help them earn money to pay their educational expenses.

Funding is available to students attending both the Lancaster main campus and the Bakersfield branch campus. Students interested in attending either campus can contact HDMC’s Financial Aid Office at 888-633-4362 or go to our financial aid page to learn more about qualifying and applying for the available financial options.

About High Desert Medical College

Based in Lancaster, California, High Desert Medical College was founded to help students prepare for industries experiencing substantial growth. Hands-on training from an experienced, caring staff allows HDMC to provide an exceptional educational experience. A branch campus for HDMC is located in Bakersfield, California.

 

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