Paying for Your Education
Are you worried about the cost of going to school? Did you know that there are many different ways to pay for your education? With the assistance of our Admissions or Financial Services Representatives, BTI can help you find ways to pay for your education.
Finding ways to afford your tuition isn’t as difficult as it may seem. When you call one of our Admissions or Financial Services Representatives, they will review with you some of the ways you can find money for school.
If you’ve had a job and put aside money, it's smart to use it to pay for school. Spending money on your education pays off. Your education is an investment in your future and yourself.
According to the Bureau of Labor Statistics, higher levels of education result in:
- Increased likelihood of being paid a higher wage
- Decreased likelihood of being unemployed
Many students entering school don’t realize the amount of money out there that can help cover school costs. A scholarship is money that has been put aside for students based on a variety of circumstances.
While many scholarships require a certain GPA or are measured by performance in high school, this is not true for all. There are several scholarships that consider many other factors that determine how they are awarded.
Military Spouse Career Advancement Accounts (MyCAA)
For example, did you know that if your spouse is in the military, you might qualify for up to $4,000 in student aid? Known as the Military Spouse Career Advancement Accounts (MyCAA), this program can provide valuable financial assistance. Visit our Military benefits page to learn more about MyCAA and other Military financial aid.
Grants are similar to scholarships because they don’t need to be paid back. Grants also have similar means and requirements used to determine how they will be awarded. Many grants come from local, state and federal funding programs.
At BTI, 77% of our graduating students have received some kind of grant funding.
Many students turn to student loans when it comes time to pay for tuition and other school costs. While scholarships and grants can help fund your tuition, they usually don’t cover all of the costs.
To help cover the rest of the cost of attending school, students take out loans that can be paid back over time. Often these loans can be subsidized, which means that the government pays the interest on the loan while you are in school.
Finding Out More Information
In order to determine if you qualify for funding options, you must first fill out the Free Application for Federal Student Aid (FAFSA). To learn more about costs associated with college, visit StudentAid.Ed.gov or call 866.481.9301 and one of our qualified Financial Services Representatives can help answer your questions and fill out the FAFSA.
Take advantage of the financing options available to you and start your career preparation today. Financial aid is available to those who qualify.
Berks Technical Institute Commitment to Responsible Borrowing
Berks Technical Institute is dedicated to finding ways to help students make responsible borrowing decisions and keep students’ debts to manageable levels. Borrow only what you need to cover the cost of tuition, fees and books to ensure you are not taking on more debt than necessary. Remember, you are expected to repay your loan plus interest. Acquiring too much loan debt may be detrimental to your long-term financial health. The less you borrow, the less you will have to repay after graduation.