Weighing Options for Funding Your Investment in Vocational Training

An education is the best investment you could make because it’s in yourself. Vocational training comes with a price tag, however, and you may be unsure about how to pay for it.

Fortunately, there’s funding out there to help cover the cost of trade school. We’re here to help you find it.

See how you could lower the cost on your vocational training investment even more.

Options for Reducing the Cost of Your Vocational Training Investment

There’s funding for vocational training available that does not have to be paid back. The funding is usually earned as you progress in your classes.

federal grants

Federal Grants

Federal grants are often called “gift aid” because they don’t have to be repaid once you complete the program, grants are typically awarded based on financial need.i Learn More About Federal Grants.

scholarships

Scholarships

Scholarships are another form of “gift aid”, but they’re usually merit-based. This means students must meet certain qualifications in order to be considered for an award.i
Learn More About Scholarships.

military education benefits

Military Benefits

Funding to help with the cost of trade school is available to active duty, reserve and veterans under the Post-9/11 GI Bill®, Reserve GI Bill and Montgomery GI Bill (MGIB).ii Learn More About Military Benefits.

Special Pricing

Special pricing may be available to eligible military members:

  • Active Duty
  • Reserves
  • National Guard Members
  • Veterans
  • Active Duty Spouses and Dependent Children
  • Military Retirees
  • Honorably Discharged Veterans
Learn More

Ways to Finance Your Vocational School Investment

Grants, scholarships and other forms of “gift aid” can go a long way for many students in helping to pay for trade school, but they usually don’t cover the entire cost. Many students take out loans or arrange payment plans.

Student Loans

A student loan is money you borrow and must pay back with interest. The federal government, banks and other private organizations can be lenders. Federal student loans usually offer more benefits than private loans.iii

Learn More

Zero-Interest Payment Plan

With this type of payment plan, no interest is charged on the balance owed while the student is attending classes and making payments. The Refrigeration School offers this option to students who want to pay all, or a portion, of the cost on their own.iv

Alert

Our Financial Aid Advisors Are Here for You

Do you qualify? Will you have to pay the money back? Is there just one application?

We have you covered. Our Financial Aid Advisors are available to answer all of your questions. We’ll help you map out a plan to fund your investment in vocational training. Call Us or schedule a consultation online.

Location

Accredited School, ACCSC. Licensed by the Arizona State Board for Private Post Secondary Education. The AOS/MME program is the Associate of Occupational Studies in Mechanical Maintenance Engineering degree program and is not an academic degree. GI Bill® Eligible (check with local campus for specific eligibility). For more information about our programs, please visit our website at: https://www.rsi.edu/about-rsi/regulatory-information/.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at www.benefits.va.gov/gibill.

Financial aid and scholarships available to those who qualify. Candidates need to refer to the scholarship information page to determine topic of essay (where applicable) and must meet all regular admissions requirements and be scheduled to start training prior to applying for a scholarship. If a student changes his/her re-enter date, the scholarship award may be forfeited. Scholarships are not transferable and most scholarships cannot be used in conjunction with any other scholarship RSI offers. In most cases, only one award will be given per student. If a student is eligible for multiple scholarships, the scholarship that is most beneficial to the student will be awarded. Scholarships will be distributed incrementally over the entire duration of the program. Scholarship eligibility requires continuous enrollment. Failure to maintain Satisfactory Academic Progress may result in the probation and possible loss of scholarship. Termination from training may also result in the loss of a scholarship, which may increase your tuition obligation to RSI. Tuition charges will be based on the amount reflected on your Enrollment Agreement. See the reverse side of your Enrollment Agreement or the School Catalog for the school’s refund policy.

* According to 2019 IPEDS data RSI has the largest total enrollment of students for all post-secondary schools in the U.S. offering both CIP codes Electromechanical Technology/Electromechanical Engineering and HVAC/R Engineering Technology/Technician.

** https://www.cisa.gov/publication/guidance-essential-critical-infrastructure-workforce

1 Total number of estimated graduates for RSI calculated based on historic data available as of 12/17/21.

***, 2 Welding BLS Salary Stats: According to BLS data annual mean salaries for Welders, Cutters, Solderers and Brazers (514121) in Arizona is $46,870 and the Phoenix Area $46,740. Average starting salaries for Welding Specialist at RSI $41,548 for graduates employed during the 12-month period of 7/1/20-6/30/21. HVAC/R BLS Salary Stats: According to BLS data annual mean salaries for Heating, Air Conditioning, and Refrigeration Mechanics and Installers (499021) in Arizona is $49,100 and the Phoenix Area $50,070. Average starting salaries for Refrigeration Technologies at RSI is $37,078 and Electro-Mechanical Technologies is $39,001 for graduates employed during the 12-month period of 7/1/20-6/30/21. Electrician BLS Salary Stats: According to BLS data annual mean salaries for Electricians (472111) in Arizona is $50,270 and the Phoenix Area $49,620. Average starting salaries for Electrical Applications at RSI is $38,022 for graduates employed during the 12-month period of 7/1/20-6/30/21. Mechanical Maintenance Engineering: According to BLS data annual mean salaries for Mechanical Engineering Technicians in Arizona is $62,400 and the Phoenix Area $63,880. Average starting salaries for AOS in Mechanical Maintenance Engineering (avg. for online & on-ground) at RSI is $50,533 for graduates employed during the 12-month period of 7/1/20-6/30/21. Construction Laborer Salary Stats: According to BLS data annual mean salaries for Construction Laborers (472061) in Arizona is $39,520 and in the Phoenix area $40,770. All BSL Stats reported as of May 2020. http://data.bls.gov/oes

3 For students who started and completed their training during the 12-month period for which 150% of normal time for completion has elapsed and who attained employment in their field of study as outlined on our annual accreditation report dated July 1, 2021. Refer to the most current Student Right-to-know Information for more details on calculation details https://www.rsi.edu/wp-content/uploads/rsi-right-to-know.pdf

4 AWS Welding Employment Stats: https://weldingworkforcedata.com/ Welding Employment Stats: According to BLS data Arizona employed 5,520 and Phoenix employed 4,060 Welders, Cutters, Solderers, and Brazers (514121). HVAC/R Employment Stats: According to BLS data Arizona employed 10,000 and Phoenix employed 7,860 Heating, Air Conditioning, and Refrigeration Mechanical and Installers (4999021). Electrician Employment Stats: According to BLS data Arizona employed 13,650 and Phoenix employed 10,840 Electricians (472111). Mechanical Engineering Stats: According to BLS data Arizona employed 1,060 and Phoenix area employed 840 Mechanical Engineering Technicians (173027). BLS data is reported through May 2020 http://data.bls.gov/oes.

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