A trade school program is a smart way to begin your career. It’s shorter and more affordable than a traditional four-year college degree while still providing the tools you need for a lucrative career. You can afford a quality education and may even be able to graduate completely free of debt if you find the right ways to fund your schooling.
How to Pay for Trade School
1. Federal Financial Aid
The federal government offers a range of loans at reasonable rates as well as grants, which do not have to be repaid. Applying is easy; simply submit the Free Application for Federal Student Aid, which is commonly referred to as the FAFSA. Visit the Federal Student Aid website to see eligibility criteria and submit your application.
2. Private Scholarships
There are billions of dollars offered every year in private scholarships, and chances are that you might qualify for at least one. You’ll need to take time to search for scholarships and submit applications, but if you qualify it’s well worth it as you won’t have to pay it back. You can meet with the financial aid office at your school or use the U.S. Department of Labor’s free scholarship search tool to find options.
3. Private Loans
If you still require more funding after you’ve looked for grants and scholarships, a private student loan could help you fund your adult education. You’ll either need a good credit rating or have someone else with good credit — such as a parent — co-sign the loan with you. Options vary significantly in their interest rates and payment plan requirements, so do your research and compare multiple options. Most student loans should not require that you make any payments until your education is complete.
Berk Trade and Business School is dedicated to preparing adults for both business and technical careers by providing them with the tools they need to succeed and making education affordable. Since opening in 1940, they’ve stood out among technical schools for their small class sizes, flexible hours, and job placement assistance in Long Island City, NY. They are also happy to provide financial aid to students with interest-free payment plans. Learn more about their trade school financial aid programs on their website and call (718) 729-0909 to get started.