The cost of welding training programs can be expensive, but that expense shouldn’t stop you from fulfilling your dreams of working in the welding field. To help offset the cost of trade school and college, financial aid is available. Continue reading to learn more about getting financial aid for welding training.
What Types Of Financial Aid Are Available?
The two major types of financial aid available include government-funded grants such as the Free Application for Student Aid (FAFSA) and the Pell Grant. In addition, there are student loans available that require reimbursement.
The majority of colleges and local welding trade schools have their own funds that can be applied for, whether it's a scholarship, grant, or loan. There are also state government and federal government courses.
Tell Me More about the Options
For many, grants are the most desirable option, because they don't have to be paid back. That means they don't accrue interest either. Two of the best options are the FAFSA and the Pell Grant.
While student loans help cover the costs of school, they must be repaid over a designated period of time, with interest. These loans are typically offered at a lower rate than the market, so the payback isn't as intimidating. They do not reduce the costs of schooling overall; they just help with the immediate cost. The U.S. Department of Education offers the William D. Ford Federal Direct Loan Program, and the Sallie Mae Career Training Smart Option Loan is also available.
Merit scholarships must be applied for at the welding school you will be attending. The scholarships are awarded based on certain criteria set by the school.
Scholarships specific to welding school
There are welding-specific scholarships available to you from companies like John Deere and organizations like the American Welding Society (AWS).
Additionally, use “The Scholarship & Financial Aid Solution” complete guide to lessen the cost of schooling.
Not all trade schools qualify for government financial aid, so make certain to discuss viable options with the financial aid officer at your school of choice. Your school’s financial aid officer should be able to point you in the right direction. There is a lot of financial aid money out there to help those who need it.