Grants Can Reduce the Cost of Vocational School for Qualifying Students
Seventy percent of RSI students received grants or scholarships to help fund their training investment during the 2017-2018 school year.i
A grant is a sum of money paid by the government or other organization that does not have to be repaid if all requirements are met. Students typically receive grants based on financial
Grant funding can be affected by program length, school status and
Who awards grants? They can come from several sources:
- Federal government
- State government
- Trade schools
- Nonprofit organizations
- Private organizations
There are certain circumstances under which a federal grant might have to be repaid:
- You withdraw early from school.
- You switched to part-time enrollment.
- You received other grants or scholarships that reduce your need for federal student aidii.
Read more about federal grant programs.
Important Information about Federal Pell Grants
Vocational school students with a demonstrated financial need may qualify for a Federal Pell Grant. These grants are typically awarded only to those who have not yet earned a professional, bachelor’s, or graduate degree.iii,ivThe need qualification is determined by the government and not the school.
Pell Grant Awards: Dollar Amounts Available
The amount of money a student could receive from a Pell Grant changes each year. Below are the maximum amounts for the July 1, 2018 to June 30, 2019 award year and the July 1, 2019 to June 30, 2020 award year.
|Award Year||2018 – 2019||2019 – 2020|
|Max Award Amount||$6,095||$6,195|
Children of public safety officers who died in the line of duty or military members who died while serving in Afghanistan or Iraq may be eligible for a larger Pell Grant award. Learn more here.
Variables Influencing How Much You Could Be Awarded
Several factors can influence how much money you could be awarded under a Federal Pell
- The cost of your training program.
- Whether you plan to attend school part-time or full-time.
- Your Expected Family Contribution
- If you will be enrolled in school for a full academic year or less.
Federal Pell Grants Disbursement Process
Our Financial Aid Department could pay you directly, apply your Federal Pell Grant funds to your school costs or a combination of these two options.iii In many cases, the grant money is first applied toward your tuition and fees, then any sum left over is paid to you for other training-related expenses.v
Applying for a Federal Pell Grant
Your first step toward seeing if you qualify for a Federal Pell Grant is to submit the Free Application for Federal Student Aid (FAFSA) form.vi.
Staying in Good Standing with Your Pell Grant
The two main requirements to keeping your Pell Grant are staying enrolled in your training program and filling out the FAFSA form every year you’re still in training.vii.
Pell Grant Help
Our Financial Aid Advisors are here to help. Give us a call to discuss your eligibility for the Federal Pell Grant and how to apply.
*Financial Aid is available to those who qualify.888-671-5803