Grants can Help Students Pay for Trade School.
More than half of TWS students received grants or scholarships to help fund their training investment during the 2017-2018 school year.i
What Is a Grant?
A grant is a sum of money paid by the government or other organization that does not have to be repaid if all requirements are met. Students typically receive grants based on financial need. Grant funding can be affected by program length, school status and withdrawing.
Who awards grants? They can come from several sources:
- Federal government.
- State government.
- Trade schools.
- Nonprofit organizations.
- Private organizations.
There are certain circumstances under which a federal grant might have to be repaid:
- You withdraw early from school.
- You switched to part-time enrollment.
- You received other grants or scholarships that reduce your need for federal student aidii.
Read more about federal grant programs.
What You Need to Know about Federal Pell Grants
Trade school students with a demonstrated financial need may qualify for a Federal Pell Grant.These grants are typically awarded only to those who have not yet earned a professional, bachelor’s, or graduate degree.3, 4 The need qualification is determined by the government and not the school.
Pell Grant Award Amounts
The amount of money a student could receive from a Pell Grant changes each year. Below are the maximum amounts for the July 1, 2018 to June 30, 2019 award year and the July 1, 2019 to June 30, 2020 award year.
|Award Year||2019 – 2020||2020 – 2021|
|Max Award Amount||$6,195||$6,345|
Children of public safety officers who died in the line of duty or military members who died while serving in Afghanistan or Iraq may be eligible for a larger Pell Grant award. Learn more here.
Award Amount Factors
Several factors can influence how much money you could be awarded under a Federal Pell Grant:
- The cost of your training program.
- Whether you plan to attend school part-time or full-time.
- Your Expected Family Contribution.
- If you will be enrolled in school for a full academic year or less.
How Federal Pell Grants Are Distributed
Our Financial Aid Department could pay you directly, apply your Federal Pell Grant funds to your school costs or a combination of these two optionsiii. In many cases, the grant money is first applied toward your tuition and fees, then any sum left over is paid to you for other training-related expenses.
How to Apply for a Federal Pell Grant
Your first step toward seeing if you qualify for a Federal Pell Grant is to submit the Free Application for Federal Student Aid (FAFSA) formvi.
How to Keep Your Pell Grant
The two main requirements to keeping your Pell Grant are staying enrolled in your training program and filling out the FAFSA form every year you’re still in trainingvii.
Have Questions about the Pell Grant?
Our Financial Aid Advisors are here to help. Give us a call to discuss your eligibility for the Federal Pell Grant and how to apply.
*Financial Aid is available to those who qualify.(855) 237-7711