Public Funding — Workforce Development
HHCI is affiliated with several Local Workforce Investment Boards in Massachusetts to provide workforce development grants to eligible Massachusetts residents. In the last five years, several eligible Massachusetts residents attending our Licensed Practical Nursing program received grants from these Local Workforce Investment Boards that covered partial or full program tuition and fees. Our team of knowledgeable staff will assist you with the processing of the required documentation. You may visit http://www.mass.gov/mwib for more information about available workforce development funding in Massachusetts.
Private career educational grants are also available to students. In the last several years, students enrolled in our Licensed Practical Nursing program have received grants from private non-profit foundations.
Students may also obtain education loans from private entities (i.e., banks and other financial institutions). When choosing a private education loan, you should compare the loan terms offered by several lenders in order to choose the best fit for your situation. A resource for finding active private education loan programs is www.FinAid.org. When you choose your lender, make sure that HHCI is a participating school in its loan program.
Here are several points you should research when considering a private loan:
• What is the interest rate; is it fixed or variable; is the rate capped?
• What fees must be paid for this loan and when are they due?
• How will I receive my loan funds?
• When does repayment begin and is there a grace period?
• What will my monthly payment be?
• What will be the total cost if I use the full repayment period?
• Are there penalties for early repayment?
• Are there deferment, forbearance or cancellation options?
Note that certain private loan programs may require that HHCI certify your eligibility before approving your loan. If you receive financial aid, you must notify our office of any private loans you borrow as it may affect your aid eligibility.
Truth in Lending Act
Under the Federal Truth in Lending Act (TILA), your lender must provide you with the following documents:
• Self-Certification Form: The “Private Education Loan Applicant Self-Certification form” must be completed before receiving your first disbursement of loan funds.
• Final Disclosure and Right-to-Cancel Period: After you signed your “Promissory Note,” the Final Disclosure Statement confirms the terms and conditions of your loan. At the time that this final disclosure is delivered, your "right-to-cancel" period begins. During this period of three days, you may cancel the loan by contacting the lender. The lender cannot release the first disbursement of your loan funds until the end of the right-to-cancel period.
To learn more about available funding options, please call the Admissions Office at 1-603-886-0822 or email at: email@example.com.