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Did they say how they would make this happen? According to the Federal law, unaccredited institutions cannot receive Federal Financial Aid from the government. Also, on the website for ARCOM, they say that "ARCOM is in the process of seeking financial aid eligibility for disbursement. Details to come as they are made available. (http://arcomedu.org/students/financial-aid/)." I am not trying to be the bearer of bad news, but COCA will not give accreditation for at least 2 years after the first matriculating class, and from what I understand this can go as far as no accreditation until after the first class is graduated. I can say that it is safe to say you should not expect Federal Loans from ARCOM unless they somehow find a loop-hole to jump through that will establish themselves as an extension of some already accredited institute, but it doesn't look promising since they are a "Private, Non-Profit" school.
They told us that, with provisional accreditation, a non-profit school is eligible for federal financial aid in its first year.
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