Education can be a stepping stone to the next phase of your future—both personally and professionally. For many individuals, the cost of school can be a hurdle. Financial aid makes it possible for students to more easily manage costs and pursue their goals—whether you’re interested in a trade school, community college, or traditional university.
Financial aid is popular among students at two- and four-year universities. But trade school students often don’t realize that they could be eligible for financial aid, too. If you’re enrolling in a trade school soon, keep reading to learn about financial aid options.
There are several trade school financing options when it comes to paying for your education. We’ll break down your options, starting with the most popular—FAFSA:
FAFSA
The Free Application for Federal Student Aid (FAFSA) is a form completed by current and prospective students to determine their eligibility for federal student financial aid. To be considered for federal student loans and grants, you must submit the FAFSA. Even if you don’t think you’ll qualify for financial aid, you’re encouraged to submit the FAFSA—you may be surprised by how much aid is available to eligible trade school students.
Federal Direct Student Loans
This is a federal student loan program under which eligible students and parents borrow directly from the U.S. Department of Education at participating schools. Student loans for trade school must be repaid—they are not free money from the federal government. Apex Technical School participates in this loan program.
Grants
Grants are based upon financial need. Grants don’t need to be repaid. Examples of grants for technical schools that students may be eligible for include the Federal Pell Grant and the Federal SEOG Grant.
Federal Work-Study
A limited number of part-time jobs are available through the Federal Work-Study program. Students must meet the basic eligibility requirements and have a financial need. Work-study job placements are made once students begin classes.
Scholarships
Check for scholarships for trade schools in your community, at your church, your place of employment, and online.
We understand financing options can seem confusing when you’re deciding how to pay for trade school. That’s why we’re here to help explain it all and make applying as easy as possible. Our financial aid advisors will meet with you to help you understand and navigate the financial aid process. When you finish the application process, your financial aid advisor will prepare a financial aid package for you based upon your eligibility and financial need.
Your award package may include a combination of grants, loans, and other programs. Your advisor will be available to meet with you and talk through your aid, when you’ll receive it, billing and payment procedures, and more. Contact us today to find out if you’re eligible!
*Apex Technical School and its instructors are licensed by the State of New York, New York State Education Department.
Disclaimer: Apex Technical School provides training for entry-level jobs. Not everything you may read about the industry is covered in our training programs.
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