Sources of Aid

Your Financial Aid package (if you qualify) may include numerous ways of financing your education.

This is why we have professional financial aid administrators who are experts in the entire process to assist you in funding your education.

Title IV funding through the US Department of Education

Grants - Grants are free money that you do not have to pay back. They are need based. The two types of grants are the Pell Grant and the Federal Supplemental Educational Opportunity Grant (FSEOG.) To apply for these grants a FAFSA form will need to be completed.
Stafford Loans - Student loans do have to be paid back. Your repayment starts 6 months after you graduate or leave school for up to 10 years. There are two forms of loans the Subsidized Stafford Loan and the Unsubsidized Stafford Loan. The Subsidized Stafford Loan is need based and the interest will be paid for you while you are in school and for the 6 month grace period after you graduate or leave school. The Unsubsidized Stafford Loan will start to accrue interest after disbursement. You will be given the choice to start paying the interest on that loan while in school or you can have the interest accrue which then will be paid back over the 10 year repayment. To apply for the Stafford Loans a FAFSA form will need to be completed.
Parent Plus Loan - Is available to parents of dependent students. The Parent Plus Loan is credit based and can be borrowed by one or both parents. The Parent Plus Loan is not need based and can not exceed the total cost of attendance. The Parent Plus Loan begins repayment within 60 days of the final disbursement but a parent can request a deferment of payment while the student is attending school.

MTTI offers a $1,000.00 High School Senior Scholarship. One scholarship is awarded in each of our 8 programs per year.
MTTI also accepts scholarships that students have earned on their own.
MTTI also participates in Rhode Island State Grant and Massachusetts State Grant Programs.

MTTI works very closely with local agencies that assist candidates in financing their education.

MTTI offers affordable interest free payment plans to pay directly to the school. There are 4 options to choose from. If a payment plan is needed and as part of your financial aid appointment the financial aid administrator will go over each option.