Financial Aid / Scholarships

Applying For Financial Aid

Applying for Financial Aid

Step 1

Apply for a FSA ID from the US Department of Education at

Complete the FAFSA at Additional information provided under the Grants dropdown below.

Step 2

Once your FAFSA has been processed, you will receive an email from the US Department of Education with your Student Aid Report (SAR). The SAR outlines the information you reported on the FAFSA and the data will be sent to Hobart Institute of Welding Technology.

Step 3

Be sure to start checking your HIWT Student Portal and the email account you provided at registration.

Step 4

If you are interested in applying for scholarships click on the Scholarship Application and Search Tools dropdown below.

Step 5

To apply for loans, follow the steps listed below.

Students – Complete the following:

a.Federal Direct Loan Request Worksheet – Link to form

b.Complete Entrance Counseling (online)

c.Complete Master Promissory Note – MPN (online)

Parents (Dependent students only) – Complete the following:

a.Federal Direct Loan Request Worksheet – Link to form

b. Apply for a Direct PLUS Loan (online)

c.Complete Master Promissory Note – MPN (online)

Parent steps b. and c. should not be completed until 3 months prior to start date.

To complete online steps, you will need the FSA ID you received during the FAFSA process.


FAFSA Procedures

To be considered for Federal Student Aid students are required to complete the FAFSA online at The FAFSA is the Free Application for Federal Student Aid. Please only use the US Department of Education’s website, as this is free and available to all students. Before completing the application you will need to obtain a FSA ID at Once received please keep this FSA ID in a secure place for future use. The Federal School Code for Hobart Institute of Welding Technology is 016522. For your convenience we have available under forms a FAFSA Worksheet that you can print off and complete prior to entering the information online. After completing and submitting the FAFSA, you and the school will receive the processed results. Based on the information provided on the FAFSA, the federal government will make a determination of the amount the family is to contribute towards the student’s educational cost. This amount is called an EFC or Expected Family Contribution. We will review the FAFSA to determine what you may be eligible for as far as financial aid. We may ask you for additional information or notify you what you are eligible for if you are enrolled. If you specific questions regarding the above process please contact the Financial Aid Office at 937-332-9500.

Federal Pell Grants

In general, families showing financial need are eligible for grants, although families with higher incomes may also be eligible under special circumstance. To determine eligibility you must complete the FAFSA (Free Application for Federal Student Aid) at .

Federal Supplemental Educational Opportunity Grant

The Federal Supplemental Educational Opportunity Grant (FSEOG) program provides need-based grants to help low-income undergraduate students finance the costs of postsecondary education. When making FSEOG awards, the institution must give priority to those students with “exceptional need” and those who are also Federal Pell Grant recipients.


Federal Direct Loans (William D. Ford)

The William D. Ford Federal Direct Loans are a low-interest loan designed to provide students with additional funds to assist in paying for education cost not covered by other sources of financial aid. There are two types of Direct Loans: Subsidized and Unsubsidized. To qualify, you must first complete the FAFSA (Free Application for Federal Student Aid) online and be enrolled in either the Combination Structural & Pipe Welding, Program One, or Structural Welding, Program Two. Repayment begins 6 months after graduation, leave school, or cease to be enrolled.

Federal Direct Subsidized Loan

The subsidized loan is based on financial need as determined by the Free Application for Federal Student Aid (FAFSA). The federal government pays the interest while you are in school.

Federal Direct Unsubsidized Loan

The unsubsidized loan is not based on need, which means students at any income level can qualify. Interest will accrue while in school, during your grace period, and during any authorized deferment periods.  The student has the option of paying the interest during these times.

Federal Regulations require that all students borrowing Federal Direct Loans complete Entrance Counseling prior to the initial disbursement of loan funds. Students will be required to do this prior to completing the loan application. Students who obtain Federal Student Loans are also required to complete the Exit Counseling process prior to obtaining their diploma/certificate and official transcript from Hobart Institute of Welding Technology.   

Apply Now – Direct Loans

Federal Direct Parent PLUS Loan

The Parent PLUS Loan is a federally sponsored education loan that offers a low, fixed interest rate. The Parent PLUS Loans are made to parents of dependent students attending the institution.  Parents are solely responsible for loan repayments – not the student. The standard repayment period is ten years, but there is no penalty for early payoff. These loans typically go into repayment 60 days after full disbursement, but you may delay repayment while your student is enrolled in school; however interest will continue to accrue.

Apply Now – Direct Loans

Alternative Lending

When federal aid is not enough, private loans are available to fill the funding gaps. These loans are not guaranteed or subsidized by the government. Instead, they are based on your credit and the credit of any co-signers you may have. Private loans can be necessary and a cost-effective way to fill the gaps that federal funding leave behind. Students and their co-signer can take advantage of private student loans if they need additional funds for education related expenses.

Disclosure: The lenders listed have extended loans to students at our institution within the last three years. You may choose one of the lenders listed or provide us with a lender of your choice.

FAST CHOICE – Review options available with Alternative Lending

Loan Repayment/Default

Steps to loan repayment:

Complete Exit Counseling

If the student received a federal student loan, the student is required to complete Exit Counseling before they graduate or leave school. Students are emailed directions to complete Exit Counseling prior to graduation or at the time of withdraw.

Review Your Financial Aid History

You can find information at  on the following items:

  • Loan Type
  • Amount you originally borrowed and the current loan balance
  • Expected repayment date
  • Servicer contact information, including website address

Keep in mind that the information provided at the National Student Loan Data Service only applies to the student’s federal financial aid when using the students unique FSA ID. It does not include Parent PLUS Loans obtained by the parent (dependent student) or Alternative Lending (for example: Sallie Mae or Wells Fargo) to pay cost not covered by federal financial aid for schooling or cost of living.The parent borrower can access NSLDS with their unique FSA ID to see Parent PLUS loan information.

Visit Your Servicer’s Website and Setup an Account

It is important to know who your servicer is and be familiar with the resources available to student borrowers.Visit and review the information on “How to Repay Your Student Loans” and utilize the Repayment Estimator.

Make Your Payments

Your loan servicer will provide you with a loan repayment schedule. There are several loan repayment plan options that you can discuss with your servicer prior to going into repayment.

Resolve Problems Quickly

Your federal student loans have a 6-month grace period and come into repayment when the grace period ends. Problems need to be resolved quickly to avoid penalties or default. If you see errors in your record contact your servicer immediately.

Stay Out of Default

Don’t miss payments. If you are unable to make payments contact your servicer to discuss repayment options.

More Information about Default


Montgomery GI Bill – Under the Montgomery GI Bill®, at Hobart Institute, a Veteran is eligible for up to $1717.00 monthly, if they were enlisted three years or more.

Post 9/11 – A veteran is eligible for the following benefits if they were enlisted three years or more. Veterans with less than three years are paid a percentage of the total. (See your VA Rep for more information.)  The student needs to apply online with Veterans Affairs at prior to their start date to determine eligibility. They will receive a Letter of Eligibility that will need to be provided to Hobart Institute so that we can then certify the student/veteran as a registered student.

  • Tuition/Books/Registration Fee up to $17,430.00 for the 38 weeks Combination Structural and Pipe Welding Program or up to $10,670.00 for the 23 weeks Structural Welding Program is paid directly to the school generally a week or so prior to the student’s start date.
  • Supply/Books Stipend up to $700 is paid directly to the student/veteran from the VA after they have begun the program. Students will be responsible for purchasing supplies when needed which is generally at the end of the first week or beginning of the second week of class.
  • Housing Stipend is paid directly to the student/veteran based on their personal situation, including location and dependent information.

The Department of Veterans Affairs has an online GI Bill® Comparison Tool to make it easier for Veterans, Service members and dependents to calculate their Post-9/11 GI Bill® benefits and learn more about VA’s approved colleges, universities and other education and training programs across the country.

DETAILS: In January 2011, Senate Bill 3447, the Post 9/11 Veterans Educational Assistance Improvements Act of 2010, was signed into law by President Obama after it passed in both the House and the Senate. The bill amends Title 38 of the United States Code to improve educational assistance for veterans who served in the Armed Forces after September 11, 2001. The bill includes major changes that will be welcomed by veteran students, school officials, and veterans’ service organizations. The following are the provisions, many of which are considered long overdue, that will likely have the greatest impact on current and future student veterans that attend Hobart Institute:

  1. Members of the National Guard and Reserve who were inadvertently omitted from inclusion would be fully eligible for benefit by better aligning their educational benefits with their length of service and also allows unused education benefits to be transferred to spouses and children.
  2. Benefits include all vocational programs, on-the-job training, and apprenticeship training, flight, all types of non-college degree training and more. This effectively eliminates the need to make an irreversible decision as to whether or not to receive benefits under the old Montgomery GI Bill® or under the new program.
  3. Provides a modified monthly stipend to students who are enrolled in a program of education on more than half-time basis.
  4. Makes active duty and their spouses eligible for an annual book allowance up to $1,000.
  5. Eliminates the need for veterans to choose between vocational rehabilitation and the Post-9/11 GI Bill® enabling service-connected disabled OEF/OIF veterans to elect the program from which to receive their subsistence allowance, ensuring that veterans would not be forced to pass on valuable counseling and support services to access the more generous Post-9/11 GI Bill® benefits.

Financial Aid Forms



Scholarship Applications and Search Tools

Search Tools:


NSLDS Student Access

National Student Loan Data System (NSLDS)

The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s (ED’s) central database for student’s aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data. Your privacy is very important. You will be asked to provide information, including your Social Security Number, which is protected by the Privacy Act of 1974 (as amended). You will also need your FSA ID you obtained when you completed your FAFSA or you will need to create one if you completed your financial aid process prior to May of 2015.  To review your past and current financial aid, please click here.

Net Price Calculator

Important Information

The estimate provided using the Net Price Calculator does not represent a final determination, or actual award of financial assistance, or a final net price. The estimate applies to full-time, first-time degree/certificate-seeking undergraduate students only. It is an estimate based on cost of attendance and financial aid provided to students in the 2017-2018 academic year.

With these facts in mind, click the button to continue.

Calculate Now

Financial Aid Shopping Sheet

Important Information

The estimates provided using the Financial Aid Shopping Sheet does not represent a final determination or actual award of financial assistance. The estimate applies to full-time, first-time degree/certificate-seeking undergraduate prospective students only. It is an estimate based on cost of attendance and financial aid provided to students.

Financial Aid Shopping Sheet – Combination Structural and Pipe Welding Program

Financial Aid Shopping Sheet – Structural Welding Program

Ohio Education and Training Voucher Program

The Ohio Education and Training Voucher Program is a federally-funded, state-administered program designed to help youth who were in U.S. foster care. Students may receive up to $5,000 a year for qualified school related expenses. Funding is limited and available on a first-come, first-served basis to eligible students. Applicants must complete the ETV application which includes documentation each semester that is sent directly from the school to ETV confirming enrollment, the cost of attendance (COA) and unmet need.




TAA (Trade Adjustment Act) and WIA (Workforce Investment Act) funds are available for dislocated workers who are eligible. Contact your local Unemployment Office for more information.

BVR (Bureau of Vocational Rehabilitation) also called DVR (Division of Vocational Rehabilitation) provides services to help individuals with disabilities enter or return to employment.

Workforce Innovation and Opportunity Act (WIOA)

On July 22, 2014, the Workforce Innovation and Opportunity Act (WIOA) was signed into law as Public Law 113-128.  WIOA supersedes the Workforce Investment Act of 1998 and amends the Adult Education and Family Literacy Act, the Wagner-Peyser Act, and the Rehabilitation Act of 1973.

The purpose of the law is to: • Increase opportunities for individuals, particularly those with barriers to employment • Support alignment of workforce investment, education, and economic development systems • Provide workers with the skills and credentials to secure and advance employment • Promote improvement in the structure and delivery of services • Increase the prosperity of workers and employers • Increase the employment retention and earnings of participants and the attainment of recognized post-secondary credentials

WIOA Implementation page covers the designation of Local Areas, historical and current funding in the area, handouts, waivers, and external links to additional resources.

WIOA Handout


Frequently Asked Questions

Frequently Asked Questions

Internet Resources – Federal Student Aid YouTube Channel – Financial Aid Tutorials – General Information on Financial Aid, US Department of Education Information Website – Free Application for Federal Student Aid Application website – Federal Student Loans Website – National Student Loan Data System – Database for all federal student aid – US Department of Veterans Affairs – Ohio Department of Veterans Services – Federal Student Aid Facebook page -The Post-9/11 GI Bill, U.S. Department of Veterans Affairs Facebook page – Hobart Institute of Welding Technology Group