1. Which degrees or certificates are approved for funding?
Alcohol and Drug Counseling Certificate
Associate Degree in Nursing
Associate Degree in Occupational Therapy Assisting
Associate of Dental Hygiene
Associate of Diagnostic Medical Sonography
Associate of Drug Alcohol Counseling
Associate of Emergency Medical Technician Paramedic
Associate of Medical Assistant
Associate of Medical Laboratory Technician
Associate of Physical Therapist Assistant
Associate of Science in Nursing
Bachelor of Science in Recreational Therapy
Bachelor of Science in Dental Hygiene
Bachelor of Science in Cognitive Science
Bachelor of Science in Health Behavior Science
Bachelor of Science in Medical Diagnostics
Bachelor of Science in Nursing
Bachelor of Science in Occupational Therapy
Certificate in Occupational Therapy Assisting
Certificate of Health Information Technology
Certified Nursing Assistant
Dental Assistant Certificate
DNP with Post Masters Certificate
Doctor of Nursing Practice
Doctor of Nursing Practice & MBA in Health Care
Doctor of Nursing Practice & MSM in Health Care
Doctor of Physical Therapy
Doctor of Psychology
Emergency Medical Technician Paramedic Certificate
Holistic Palliative Care and End of Life Care Certification
Holistic Perspective on Aging and Wellness Certification
Licensed Practical Nursing LPN
Master of Occupational Therapy
Master of Arts in Speech Language Pathology
Master of Science in Nursing Leadership
Master of Science in Nursing
Master of Science in Nursing-Family Nurse Practitioner
Master of Science in Physician Assistant
Master of Science or Master of Arts in Psychology
Master of Social Work
Medical Assistant Associates
Medical Assistant Certificate
Medical Assistant Studies Diploma
MS in Nursing Leadership & MBA or MSM in Health Care
Nursing Assistant Certificate
Nursing Diploma
Patient Care Technician Certification
P.H D in Nursing
PH.D to D.N.P
Post Baccalaureate Legal Nurse Consultant Certification
Post M.S.N Nurse Leadership Certification
Post M.S.N Nurse Practitioner Certification
Post Masters of Nursing Practice
Practical Nursing Studies
Pre RN-Option RN to BSN
RN to BSN
2. What expenses are eligible for loan coverage?
ARPA funding is limited to educational expenses, including tuition, fees, housing, transportation and books/supplies. Cost of attendance is confirmed with the institution.
3. What happens if I am unable to meet the interest-free requirements after graduation?
If you can’t meet the interest-free requirements, you will be subject to a 6.5% interest rate when you enter the repayment phase.
4. Can I defer my loan if I decide to pursue a second degree?
Yes, you can defer your loan, but you must notify the Academy about your decision.
5. Is there a loan fee associated with this program?
No, we do not charge a loan fee.
6. When do I need to start repaying my loan?
Repayment begins six months after your graduation or three months after an interruption (leave of absence)
7. What is the repayment period for the loan?
The length of your repayment period depends on your degree program. Please consult our repayment plan chart on our website for specific details.
8. Can I start making loan payments before I graduate?
Yes, you can start making payments before graduating, and there is no penalty for early payments.
9. How strict are the credit requirements for loan approval?
We consider various factors, but we primarily focus on whether the student has delinquent accounts or not.
10. How long does it take to process a loan application and receive a decision?
We ask applicants to allow up to two weeks for processing and a decision on their application.