We all know traveling down the winding road of education can be costly. What is news to some, though, is that the cost doesn’t have to be an obstacle that reroutes the entire plan. Financial Aid can provide a smoother path and alleviate the strain that comes with paying for classes. For students or potential students who qualify, applying for grants and aid can be the fuel needed to finish the race.
Take some time to walk through the different options that are available to see which apply to you and your needs.
Did someone say free? Grants are essentially free money that you can apply for based on financial status. Most grants do not require a payback unless you do not fulfill your obligation to finish courses at an educational institution.
Veterans Aid (GI Bill):
For US Veterans, the GI Bill covers tuition and fees for up to 36 months in a public institution and close to $22,000 for private. Housing and books supplements are provided as well.
Trade Adjustment Assistance (TAA):
According to the US Department of Labor, “The TAA program offers a variety of benefits and reemployment services to help unemployed workers prepare for and obtain suitable employment. Workers may be eligible for training, job search and relocation allowances, income support, and other reemployment services.”
Workforce Innovation and Opportunity Act (WIOA):
Funded by the Department of Labor, this grant does not have to be paid back and helps those seeking training in the workforce and trade to get the help and guidance they need.
Loans from banks, credit unions and even parents can provide you with the money needed at private, public or trade institutions.
If you are seeking help as you travel through the world of higher education and training, Peloton has the map you need to find your way. Click on our financial aid tab and you will find several helpful resources:
*Net Price Calculator- This helps you estimate the cost of your education and training and to know how much to apply for when filling out applications.
*FASFA- Federal Student Aid ID and Free Application
Peloton is here to help you fulfill and achieve your goals in the medical world.
Money, if we allow it to be, can be a roadblock. However, roadblocks aren’t permanent and can be moved with help! We are available and ready to answer any questions you have regarding financial aid and what it takes to move forward. For further information, you can also visit the studentaid.gov website.