When most people think of scholarships, grants, and other forms of financial aid, they tend to assume that those can only be used in more traditional educational programs. In fact, you can find options for a variety of subject, including many skilled trades. If you are interested in doing anything from home plumbing repair to concrete septic tank maintenance, consider these options to help make paying for classes easier.
Some technical and trade schools are able to accept all forms of federal financial aid. This includes a variety of grants, such as the Pell Grant, as well as federally-backed student loans. Potential students much complete the Free Application for Federal Student Aid (FAFSA) and have the results submitted to an eligible school. From that point, you will be able to work with financial aid personnel to discuss any options that may be available.
However, if your choice of school does not accept federal financial aid options, there are still other opportunities available.
Some educational institutions offer their own scholarships to eligible students. Eligibility may be based on need as well as past performance in school. These scholarships are only available to students attending courses in that school, making the pool of applicants much smaller than some other options. Generally, an application for the program must be completed to be considered, but financial aid professionals in the school will be able to assist.
Scholarships are also offered through numerous organizations that allow the funds to be used at any school chosen by the recipient of the award. Some may be available through trade organizations, like the Nexstar Legacy Foundation, as well as through certain unions, corporations, or charities. Eligibility requires can vary greatly from one source to the next, so it is important to review all requirements prior to applying.
Private Student Loans
Private student loans may also be an option for students at certain schools. Unlike federal student loans, these are provided by traditional banks and financial institutions. Your ability to obtain a private student loan will depend on multiple factors, which can include your current income and credit score. These don’t offer the same benefits as student loans, but can be a viable option for those who need funds.
A school may choose to offer a student payment plan options to make the cost of courses more affordable over the long-term. Commonly, this involves making payments at regular intervals as required by the institution. For students who are currently employed, and intend to remain so as they attend classes, this can help lessen the financial strain when compared to paying for all costs upfront. While traditional interest may not be charged, it is not uncommon for payment plans to involve higher costs than paying for your classes outright. In that regard, it is best to compare the payment plan to other financing options that may be available to determine which option is most cost effective.
Cash or Credit Cards
When it comes to paying tuition, many people forget that you can actually pay in cash for your classes. Some educational institutions also have the ability to accept credit cards as forms of payment. To see which payment formats are accepted, such as checks, debit cards, or credit cards, contact the school directly.