Weighing Options for Funding Your Investment in Vocational Training
An education is the best investment you could make because it’s in yourself. Vocational training comes with a price tag, however, and you may be unsure about how to pay for it.
Fortunately, there’s funding out there to help cover the cost of trade school. We’re here to help you find it.
See how you could lower the cost on your vocational training investment even more.
Options for Reducing the Cost of Your Vocational Training Investment
There’s funding for vocational training available that does not have to be paid back. The funding is usually earned as you progress in your classes.
Federal grants are often called “gift aid” because they don’t have to be repaid once you complete the program, grants are typically awarded based on financial need.i Learn More About Federal Grants.
Scholarships are another form of “gift aid”, but they’re usually merit-based. This means students must meet certain qualifications in order to be considered for an award.i
Learn More About Scholarships.
Funding to help with the cost of trade school is available to active duty, reserve and veterans under the Post-9/11 GI Bill®, Reserve GI Bill and Montgomery GI Bill (MGIB).ii Learn More About Military Benefits.
Special pricing may be available to eligible military members:
- Active Duty
- National Guard Members
- Active Duty Spouses and Dependent Children
- Military Retirees
- Honorably Discharged Veterans
Ways to Finance Your Vocational School Investment
Grants, scholarships and other forms of “gift aid” can go a long way for many students in helping to pay for trade school, but they usually don’t cover the entire cost. Many students take out loans or arrange payment plans.
A student loan is money you borrow and must pay back with interest. The federal government, banks and other private organizations can be lenders. Federal student loans usually offer more benefits than private loans.iiiLearn More
Zero-Interest Payment Plan
With this type of payment plan, no interest is charged on the balance owed while the student is attending classes and making payments. The Refrigeration School offers this option to students who want to pay all, or a portion, of the cost on their own.iv
Our Financial Aid Advisors Are Here for You
Do you qualify? Will you have to pay the money back? Is there just one application?
We have you covered. Our Financial Aid Advisors are available to answer all of your questions. We’ll help you map out a plan to fund your investment in vocational training. Call Us or schedule a consultation online.