With home prices soaring, construction sectors jobs are in high demand. HVAC contractors are in particularly high demand and command some of the highest average pay in the construction industry. Unfortunately, the schooling and costs associated with training required to be a licensed independent contractor can intimidating.
Here are some ways to help finance your HVAC career training at a school like HVAC Technical Institute:
Trade schools students, like traditional higher education students, are eligible for financial aid that doesn't need to be paid back.
Pell Grants: These grants are essentially free money to pay for college that don't need to be paid back. Because Pell grants are based on your income (or family's income), the less money you make, the more likely you are to receive a maximum Pell grant. To submit your Pell grant application, you will need to have your (or your family's) last few tax returns.
State Grants: Many states offer grants specifically for trade school students. These state grants are contingent on the state that you live in (most state grants require state residency).
Background Grants: Regardless of your background, there's likely a grant that you're eligible for. There are background grants available for all of the following (and then some):
- Gender: Are you a woman? Do you identify as LGTB?
- Race: Are you a minority student?
- Ethnicity: Do you speak another language?
- Level of Education: Are you a first generation college student? Are you an adult returning to school after a prolonged absence?
- Region: Where's your hometown? What's your home county? What's your home state?
- Military Service: Are you and/or were your parents in the military?
- Disability: Do you have an identified disability?
The best trade schools will help you apply for these any aid options available to you. It's always a good idea to schedule an appointment with an academic advisor before you officially apply to the school(s) you're considering.
Even if you can't pay for the entirety of HVAC training with grants, you can pay for the remaining balance with a low-interest student loan.
- FAFSA: when you apply for Pell grants, you will need to submit information to the FAFSA program. Submitting this information to FAFSA will make easier to apply for federal student loan. These loans have low interest rates and can be adjusted to fit your financial situation. Additionally, you won't be expected to begin paying back your student loan until six months after you complete school.