Using Student Loans to Fund Technical Alternative Education – U.S. News & World Report
- April 13, 2021
- By: Greenpath Financial Wellness
U.S. News and World Report shares GreenPath’s insight into funding alternative educational programs. It starts with understanding the complexities when it comes to funding a technical education.
Many good jobs require additional training beyond high school. But a four year degree isn’t necessarily the only way to an advanced career path.
Technical and alternative schools are great training and education options. A prosperous technical career can bring career satisfaction, a solid income and the benefits of doing something you really enjoy. But, can you use a student loan to finance your future?
A good place to start is to assess what amount of student debt it will take, while exploring other financing opportunities.
Student loans are an option, but note that federal student loans are usually reserved for accredited institutions. Some trade schools are eligible for federal student loans, but some are not. Many career schools, vocational programs and technical programs are not offered at accredited learning institutions, making them ineligible for federal financial aid.
Although it can be stressful managing student loan debt, working with a nonprofit counselor can be helpful.
GreenPath’s experts can walk you through your options when managing your student loan debt. 91% of people served by GreenPath feel better prepared to handle their finances. Together let’s make a plan for managing your full financial picture to support your goals.