Show me the money: Financial Aid for Prospective Gunsmith Students

 

 

A number of articles have been written about the merits of post-secondary education. Proponents argue that it is an investment in your future.1 However, as with all investments, post-secondary education comes with a price; and depending on the program you choose, it can range anywhere from a few hundred dollars for a short program to a tens of thousands of dollars for an undergraduate degree.

 

While choosing an undergraduate program may be one of the most important decisions a high school student will make to date, don’t feel overwhelmed by the price tag. There are a number of financial options for eligible students who wish to pursue an education in gunsmithing, including:

 

Scholarships: These are gifts intended to assist students fund their education and they do not need to be repaid. Scholarships and grants are offered by schools as well as private and non-profit organizations.

 

Federal direct student loan2: These are low-interest loans for students provided by the U.S. Department of Education. Students who are qualified for a direct student loan will receive funding to help pay for their post-secondary education.

 

State Grant: States within the U.S. provides funding to students who are pursuing a post-secondary education. The requirements for eligibility and amount granted vary from state to state.

 

Federal direct parent loans to undergraduate students3: This type of financial aid is offered to qualified students of dependent undergraduate students with financial aid eligibility. The funding is issued through the parent rather than directly to students.

 

Students may also consider working part time during their undergraduate education. Unlike high school, students are able to arrange their schedules to accommodate hours towards part time employment. With tuition on the rise, nearly four out of five U.S. students (in high school and post-secondary school) work at least part time while in school to their tuition expenses, according to a survey conducted in 2013.4

 

You may want to talk to your high school counselor, college financial aid departments and research on the internet to find out more information on financial aid options. While the financial costs may seem to outweigh the benefits of a post-secondary education at the moment, but a college education will eventually open more doors to job opportunities compared to a high school education.

 

 

Source:

  1. Federation of Post-Secondary Educators of BC Post-Secondary Education: It’s Worth the Investment
  2. Federal Student Aid. (2014) Direct Loans
  3. Oregon State University. (2014) Federal Direct Parent PLUS Loan
  4. Fottrell, Quentin (2013). 80% of students work at last part time: Many students are flipping burgers for tuition or spending money. MarketWatch.com
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