What is the Federal Student Aid Program?
The Federal Student Aid program is the largest provider of financial aid for education in the U.S. You’ve probably heard about financial aid for college—but can you get financial aid for trade school? The majority of students attending Apex Technical School receive financial aid funding from the Federal Student Aid program (from the U.S. Department of Education). You are strongly encouraged to apply for these programs even if you don’t believe you will qualify for much aid. You may be surprised by how much financial aid for trade school is available!
In order to be considered for these programs, you must submit the Free Application for Federal Student Aid (FAFSA) form. Learn how to apply here. You must meet the eligibility requirements for Federal Student Aid.
Federal Student Grants & Loans for Trade School
Eligible individuals can receive federal student loans and federal grants for trade school. At Apex Technical School, we participate in the following federal student aid programs:
Federal Pell Grant
- Federal Pell is a need-based grant that does not need to be repaid. Eligibility for a Federal Pell grant is based on the Expected Family Contribution (EFC) figure that is created as a result of your FAFSA application. The highest awards go to students with the lowest EFCs, with award amounts decreasing as the EFC increases. Learn more about the Federal Pell Grant program from the U.S. Department of Education.
Federal SEOG Grant
- Federal SEOG is also a need-based grant that does not need to be repaid. To receive an SEOG Grant at Apex Technical School, you must be eligible to receive a Pell grant (see above) and have a very low EFC figure. Generally, Apex only receives enough funding each year to award SEOG to students with an EFC of zero. Learn more about the Federal SEOG from the U.S. Department of Education.
- A limited number of part-time jobs are available through the Federal Work-Study program. Students must meet the basic eligibility requirements and have financial need. Work-study job placements are made once students begin classes. Learn more about Federal Work-Study program from the U.S. Department of Education.
Federal Direct Student Loan Program
- All students at Apex Technical School who meet the eligibility requirements are able to borrow a traditional student loan from the Federal Direct Student Loan Programs. The interest accrued on these loans may be subsidized and/or unsubsidized. Payments usually begin six months after you leave school. Learn more about Federal Direct Student Loans from the U.S. Department of Education.
How to Get Financial Aid for Trade School
We know that financial aid can be a complex topic to navigate on your own. At Apex, we help students through 6 simple steps to apply—and help them understand if they are eligible for financial aid. We provide assistance as you fill out the FAFSA for trade school and answer any questions you may have along the way. Contact us today to learn more about applying for federal student aid.