Prospective students are often surprised to learn that Penta's full-time programs are eligible for financial aid, and some part-time programs also qualify for assistance. This page offers an overview; for more info, see Section 7 of the Student Handbook (on the sidebar at your right). You're also welcome to call the financial aid office at 419-661-6555 or send us an email. Thanks for thinking of Penta!
Satisfactory Academic Progress (SAP):
In order to receive Federal Student Aid, students are required to meet satisfactory progress standards toward program completion and graduation. Program completion standards include skills competencies, academic grades, attendance, and financial obligations.
Satisfactory Progress consists of a number of elements that will be reviewed during each grading period.
The student will:
- Build a record of attendance and dependability to prepare the student for employment
- Demonstrate competencies of individual program skills and hands-on training
- Demonstrate teamwork
- Demonstrate commitment to the program and respect for others, school, program tools, and materials
Qualitative Standards for Satisfactory Acamedic Progress )SAP):
Grade Point Average:
A cumulative grade point average is calculated based on the following scale:
- Letter Grade A (90-100%) = 4.00 GPA
- Letter Grade B (80-90%) = 3.00 GPA
- Letter Grade C (70-80%) = 2.00 GPA
- Letter Grade F (< 70%) = 0.00 GPA
Students must finish their program with at least a 2.00 GPA (70%) in order to meet SAP requirements.
Penta participated in these financial aid programs:
- Pell: This federal grant awards funds through the U.S. Department of Education. Apply online at studentaid.ed.gov. Penta’s school code is 013519. Comprehensive Guide to FAFSA and Financial Aid.
- Veteran’s Educational Benefits: Selected training programs are approved for training veterans. Apply online at gibill.va.gov
- Opportunities for Ohioans with Disabilities (OOD, formerly BVR-RSC): Financial assistance may be available for students with physical, mental, or emotional disabilities that present a barrier to employment. Call 419.866.5811 or click here to learn more.
- Workforce Development: The Workforce Innovation and Opportunity Act provides funding for underemployed and dislocated workers. Call the OhioMeansJobs-Wood County office at 419.352.7566.
- TAA: The Trade Adjustment Assistance Act offers to fund to certain individuals whose company has closed its facilities displacing the employees. Learn more here.
Additional funding possibilities:
- Toledo Community Foundation: this nonprofit organization administers several local scholarships. Click here and click on Grants and Scholarships to learn more.
- Zonta Club of Bowling Green: this global service organization provides an annual scholarship to eligible Wood County women age 25 or older. Deadline in early to mid-March. Learn more at bgzonta.org.
- State grants and scholarships: the Ohio Dept. of Higher Education offers tips and links here.
Net Price Calculator
The U.S. Dept. of Education requires that we provide a Net Price Calculator for our full-time programs. This includes the total cost of attendance (tuition, fees, room and board, books and supplies, transportation and miscellaneous expenses), along with the average student grant award. The figures below are based on 2019/2020 statistics which are the most recent available; this information is updated annually.
Please click the following link to use the Net Price Calculator: Penta Net Price Calculator
Auto/Automotive Mechanic Technician (AT)
Tuition & fees, inc. books & supplies: $6,080
Housing: $8,919
Transportation: $950
Other: $975
Maximum Pell award 18/19 (federal student aid): $4,977
Maximum Pell award 19/20 (federal student aid): $5,095
Average grant award (including all award sources): $4,037
Average % of students receiving grant(s): 50%
Graduation rate: 63%
Welder/Welder Technologies
Tuition & fees, inc. books & supplies: $6,120
Housing: $8,919
Transportation: $950
Other: $975
Maximum Pell award 18/19 (federal student aid): $4,977
Maximum Pell award 19/20 (federal student aid): $5,095
Average grant award (including all award sources): $4,532
Average % of students receiving grant(s): 43%
Graduation rate: 92%