Is There Financial Aid Available for Trade Schools?

Figuring out how to pay for trade school can feel like standing at the edge of a river without a bridge. Financial aid is that bridge. It helps you cross from where you are now to where you want to be. So, is there financial aid available for trade schools?

Do Trade Schools Take and Offer Financial Aid?

Yes, financial aid is available for many trade schools, including The Refrigeration School (RSI). for those that qualify. If you’re starting a skilled trades program, the cost of education doesn’t have to hold you back.

Most trade schools accept federal financial aid like Pell Grants and student loans. To find out what you qualify for, RSI can help you fill out the FAFSA (Free Application for Federal Student Aid).  At RSI, our team can walk you through the process. We’ll explain what options you may have and help you apply.

What are My Financial Aid Options at RSI?

You have many financial aid options at RSI. We will help you submit a FAFSA form to learn more about your options that may include the following if you qualify:

• Federal Pell Grant – A grant for students with financial need. You don’t have to pay this back.
• Federal Supplemental Educational Opportunity Grant (FSEOG) – Extra funding for students with strong financial need. They have limited funds, so apply early.
• Federal Direct Subsidized Loan – A loan with low interest for students with financial need. Plus, the government pays interest while you’re in school.
• Federal Direct Unsubsidized Loan – A loan available to most students. However, you are responsible for interest right away, even while attending trade school.
• Federal Direct PLUS Loan – A loan your parents can take out to help pay for your schooling. 
• Scholarships – Money that doesn’t need to be paid back. RSI offers several scholarships based on need and merit
• Military and Veterans Benefits – If you served in the military, you might qualify for VA education benefits like the GI Bill®.
• Work-Study Programs – Part-time jobs for students with financial need. Plus, you earn money while gaining work experience.
• Private Loans – Loans from banks or credit unions. These usually require good credit or a co-signer.

What are the Benefits of Applying for Financial Aid for Trade School?

There are many benefits of financial aid for trade school students. Some of those benefits include:

• Lowers Out-of-Pocket Costs: Financial aid can cover tuition, books, tools, and supplies. This means you don’t have to pay for everything yourself.

• Makes School More Affordable: Grants, loans, and scholarships can bring down the total cost of your education. You may not need to delay school if you aren’t able to pay for tuition.

• Allows You to Focus on Training: With help covering costs, you can spend more time on classes, instead of working long hours.

• Offers Options Based on Your Situation: There are different types of aid based on income, need, military status, or school program. 

• Helps You Avoid High-Interest Debt: Federal loans usually have lower interest than credit cards or personal loans. Some don’t charge interest while you’re in school.

• Builds Financial Responsibility: Managing financial aid, understanding loans, and following a budget can help build money skills you’ll use after school.

Learn More About Apply for Financial Aid at RSI

If you want to learn more about our trade programs, we can equip you with the necessary skills and expertise to start your new trade career in months rather than years. Call us today at (602) 607-0024 to learn more about how to pay for your education with financial aid.