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The Role Of Career Loans And Financial Aid
Financial aid comes in many formats, one being that of a career loan. There are many financial institutions that approve career loans, but what are they exactly?SallieMae has a good definition for their career loans:
The Career Training Loan is a private, credit-based student loan for technical training or trade school, online courses, and other education programs.
Now that is fairly broad. It’s a loan so you would assume it is credit based. The type of training providing under a career loan is fairly broad as well. SallieMae goes on to say:
The institution you are attending must be licensed or accredited by the department of education in the states where they do business.
Now you have a more definitive answer. It is not so much the type of training you do as it is who provides the training. If the training organization is licensed in the state where you are going to do the training then there is a reasonable assumption that a career loan could be available. There are of course other factors such as credit worthiness to be taken into consideration.
To put this into some sort of perspective, ATS Heavy Equipment Operator Schools is registered in 18 states. They are also currently certified as an eligible training provider under the Workforce Investment Act (WIA) in most states.
If you are seeking a career loan for heavy equipment training, your first step should be to talk to one of the staff members at ATS Heavy Equipment Operator Schools. Alternatively, you could fill in one of their online financial assistance for heavy equipment training application forms.
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