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Instituto Tecnológico de Santo Domingo

Federal Student Aid

A college education is one of the most important investments a student makes. To help pay for your studies the Instituto Tecnológico de Santo Domingo (INTEC), participates in the Federal Loan Program of the United States Department of Education, thus having subsidized and unsubsidized Stafford loans available.

This financial aid is intended for US citizenship or residency students enrolled at least half-time (6 credits). The aid helps to cover educational expenses including tuition and fees for accommodation, books, supplies and transportation, according to their needs.

Types of loans

  • SUBSIDIZED LOAN
    It must be reimbursed after a grace period of 6 months after completing your studies, when you withdraw or stop attending at least part time.
    The Federal Government pays the interest generated while the student attends university and during the grace period and payment deferral.
    Available for dependent and independent students.
  • NON-SUBSIDIZED LOAN
    It must be reimbursed after a grace period of 6 months after completing your studies, when you withdraw or stop attending at least part time.
    The borrower is responsible for paying the interest generated during the years of study, grace period and deferment of payment.
    Available for dependent and independent students.
  • PLUS LOANS
    Interest accrues from the first disbursement and the borrower is the one who must pay them.
    Available to parents of dependent students not yet graduated and graduate students.
    Limit: Cost of attendance minus any other financial aid.

Who receives Financial Aid?

Requirements that make you eligible to receive financial aid:

  • Have a high school diploma or GED certificate.
  • Be a US citizen or foreigner with right.
  • Be enrolled in a degree, at least half time.
  • Have a valid social security number.
  • Not be in default on a federal student loan.
  • Be enrolled in the Selective Service, if applicable.
  • Sign a statement on the Free Application for Federal Student Aid.
  • Certify that you will use federal student aid for educational purposes.

How to apply to receive Financial Aid?

  1. Complete the Free Application for Federal Student Aid (FAFSA). This is a form you can get it on the internet at the address www.fafsa.ed.gov. When filling it out, you need a PIN, which represents your electronic signature. On the same page you will find information on how to obtain a PIN. (If you are a dependent student of your parents, one of your parents must sign the FAFSA as well.) The school code is G12811.

    Transfer students: They must fill out the FAFSA corresponding to INTEC for the current academic year at the time of the school transfer process.

  2. Income Advice: This will help you understand your responsibilities regarding your loan. All students attending INTEC must complete entrance counseling. Admission counseling can be completed at the following address: http://studentloans.gov

  3. You will receive a report (Student Aid Report, SAR). This confirms the information provided in your application and you must submit it to the Financial Aid Office. The university will receive an electronic copy of this document. The SAR is reviewed and, if everything is correct, the third step is carried out.

  4. You must fill in www.studentloans.gov a Master Promissory Note, which is the loan promissory note that must be completed each time you renew your loan (every three quarters). The university originates your loan if your condition is in order. For this process you must be officially registered at INTEC.

  5. New students will receive their first disbursement after 30 days of regular class attendance.

Important notes:

  • When completing the corresponding forms to apply for loans, the student is given an Entrance Interview to the program in which they are informed of the responsibilities, duties and rights with the loan. Upon leaving university you will also have to complete a Final Interview or Exit Interview.
  • These loans are subject to origination charges. These charges are deducted from the loan.
  • All students eligible to receive Financial Aid must comply with all regulations and institutions.

Dependency Status:

You are a student independent if you meet at least one of the following conditions, otherwise you are dependent.

  • Will you be 24 or older by December 31 of the academic year for which you are applying for financial aid?
  • Will you be pursuing a Master's program or PhD (such as MA, MBA, MD, JD, PhD ?, Ed.D., etc.?
  • Are you married or separated, but not divorced?
  • Do you have children who receive more than half of the support on your part?
  • Do you have dependents (other than your children or spouse) who live with you and who will receive more than half of your support from you?
  • At any time since you turned 13, were both parents deceased, were you in foster care, were you dependent, or were you wards of the courts?
  • Are you an emancipated minor or under legal guardianship as determined by a court?
  • Are you an unaccompanied minor who is homeless or self-supporting and at risk of homelessness.
  • Are you currently serving on active duty in the US armed forces for purposes other than training?
  • Are you a veteran of the US armed forces?
LEVELINDEPENDENT STUDENTS
Approved credits Subsidized Not Subsidized
1 level (from 0 to 35 credits) $ 3,500 $ 6,000
2 level (from 36 to 71 credits) $ 4,500 $ 6,000
3 level (from 72 to 113 credits) $ 5,500 $ 7,000
Graduated Level (113 onwards) $0 $ 20,500

 

LEVELDEPENDENT STUDENTS
Approved credits Subsidized Not Subsidized
1 level (from 0 to 35 credits) $ 3,500 $ 2,000
2 level (from 36 to 71 credits) $ 4,500 $ 2,000
3 level (from 72 to 113 credits) $ 5,500 $ 2,000

 

Total Limits on Federal Loans
Students (undergraduate) Dependents $ 31,000 (Subsidized Max US $ 23,000)
Independent students (undergraduate) $ 57,500 (Subsidized Max US $ 23,000)
Professional Students and Graduate Level $ 138,500 (Subsidized Max US $ 65,500)

Notes:

  1. The granting of Federal aid, that is, Federal Loans, is annual, one academic year is equal to three quarters.
  2. All students who enter the Federal Loan Program will be charged as a foreigner, regardless of whether they have Dominican nationality.
  3. The United States Department of Education offers different types of Financial Assistance, but in countries outside the American territory they only offer Federal Loans as such assistance.
  4. Students enrolled in careers with a Bachelor's degree or equivalent may only reach level 3. At these levels No. PLUS Loans apply.

Documents to deposit in the Financial Assistance Unit:

  • Color copy of the student's passport.
  • Color copy of social security card.
  • Others (as required).

Documents to deposit in the Admissions Unit:

Foreign students who apply to the medical career and foreign students transferred:

  • Copy of the current vaccination schedule (for students who apply to the medical career).
  • Copy of the certification showing that you passed the Medical College Admission Test (MCAT) (Requirement for all students who are going to apply to medical school under the Federal Loan program).
  • Two 2 x 2 inch front photos.
  • Original birth certificate apostilled / legalized Dominican Consulate and Chancellery in the Dominican Republic.
  • Medical certificate.
  • Photocopy passport.
  • Record of high school grades. It must be apostilled / legalized by the Dominican Consulate and Chancellery in the Dominican Republic
  • Photocopy of high school diploma. It must be apostilled / legalized by the Dominican Consulate and Chancellery in the Dominican Republic
  • Certification of validation of secondary studies in the Ministry of Education in the Dominican Republic.

Any additional information you need please contact us at the phone numbers and / or addresses that appear below.

Contact

  • Telephone: 809-567-9271 ext. 334
  • E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.