subject: Student Financial Aid: Paying For College [print this page] The decision to attend a vocational-technical college is an extremely important one. The specialized education and training will provide you with the necessary tools and knowledge to be successful in the career of your choice. But how will you pay for it?
Education is an investment in your future. Before you choose your career, it is necessary to consider how much time, money, and commitment you have to prepare yourself for a career. Choosing the right career and paying for college takes planning, forethought, dedication, and commitment.
Financial Aid can be the stepping-stone to your future success. The purpose of financial aid is to assist students with their educational expenses so that financial barriers do not prevent them from achieving their educational goals.
What Is Financial Aid?
Financial aid is the assistance available to help students pay for the costs of attending a vocational-technical institution. Financial aid is provided by federal, state, institutional, or private sources and may consist of grants, loans, work-study, or scholarships. Each year, billions of dollars are given or lent to students, and about half of all college students receive some sort of financial aid.
ITT Tech
Most financial aid is awarded based on financial need, college costs, and the availability of funds. This aid is provided to students because neither they nor their families have all of the resources needed to pay for a college education. This kind of aid is referred to as need-based aid.
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