Get a Feel for FAFSA: How to Cope with Trade School Cost

Get a Feel for FAFSA: How to Cope with Trade School Cost

When it comes to college, the cost of tuition can loom over prospective students like a huge stumbling block.

This is especially true if you’re a “non-standard” student, e.g., a parent, an older student, or someone who’s already in the workforce and wants to change careers. It’s impossible to imagine coming up with not only the time but also the money to head back to school as a working adult.

If you’ve considered trade school but the thought of tuition put you off, you might not know that there are programs designed specifically to help shoulder the burden of trade school cost.

If you’re considering trade school, here is helpful information about finding tuition assistance so you’re free to pursue your dream.

Why Trade School?

First, a note about choosing trade school (also known as vocational or technical school) over a four-year degree from a public or private university.

Trade school is a great option for working adults due to its streamlined nature. Trade school is career-focused, helping students to narrow down a specific career and then providing hands-on, comprehensive, and relevant training. This gets you the training you need in the most efficient manner, meaning you’re joining the workforce — with the skills you need to succeed — sooner.

Getting Financial Aid to Cover Trade School Cost

To receive federal aid for trade school, you’ll need to fall under certain requirements.

In general, you need to be a U.S. citizen (some green-card-holding non-citizens are eligible). You need to have graduated high school or hold a GED. You’ll also need to enroll in a program that will culminate with a degree (i.e., you can’t use federal student aid for continuing education credits that don’t lead to a degree).

To determine your eligibility, you’ll submit the Free Application for Federal Student Aid (FAFSA) online. Once you’ve applied, your financial need is considered and within a few weeks, you’ll have a letter outlining how much aid you are eligible for.

Depending on your income, the cost of your degree program, and the amount of money you are able to pay toward schooling, you may find you’re eligible not only for loans but for Pell grants (which don’t need to be repaid) or subsidized loans (which do need to be repaid but carry a low interest rate).

This helpful calculator can give you some insight into how much aid you can qualify for.

If your family’s income puts you over the limit for need-based loans, you can still qualify for federal loans including direct unsubsidized loans.

Trade School Is Within Reach

In addition to the federal aid programs discussed above, there are other options to help you shoulder the trade school cost. In fact, you might be surprised by how affordable your new degree can be!

At Franklin Tech, we understand how difficult it is to go back to college as an adult, which is why we’re here to make the process as simple and convenient as possible.

Don’t let a fear of high tuition bills stop you from making this your year to succeed. Reach out to an enrollment coordinator today to get more information on our programs and ways to fund them.

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