Understanding Financial Aid

What kind of financial aid is out there?

Financial aid is the help that qualifying students can get to pay for things like tuition and other expenses while they are in school, if they don’t have enough money to pay for it themselves. The TWS Financial Aid Department can walk you through the process and explain the options that you qualify for.

A quality education may be the best investment you ever make, but we also understand that cost can be a major hurdle. Our Financial Aid Department will assist you throughout the entire process and will work with you to determine the appropriate plan of action.

There are several options available for those who qualify for financial aid:

  • Federal Grants and Loans
  • Private Loans
  • Scholarships
  • Military Educational Benefits 

Federal loans versus private loans

The Federal Student Loan program is the top source of financial aid in the United States.  Loans offered through this program have low interest rates, deferred payment plans and an easy application and approval process.

Many banks offer alternative or private student loans.  The rates and conditions for these loans depend on the lender, so it’s important to make sure you carefully review all of the information provided.  Most private loans are based on credit, and some borrowers may need a cosigner.

The TWS Financial Aid Department has all of the application materials for federal loans and can assist you in preparing your application.  Information about private loan lenders, and their terms and conditions can also be found in the TWS Financial Aid Department.

Federal grants and loans

Listed below are the maximum amounts that you might qualify for in each program. These amounts are effective 7/1/12-6/30/13.

All programs except Pipefitting

Types of Federal Aid Available Range
Federal Pell Grant $0 – $5550
Federal SEOG Grant $0 – $334
Federal Subsidized Stafford Loan $0 – $3500
Federal Unsubsidized  Stafford Loan $0 – $6000
Federal Plus Loan Up to the cost of education less other aid received

 

Pipefitting

Types of Federal Aid Available Range
Federal Pell Grant $0 – $4162
Federal SEOG Grant $0 – $250
Federal Subsidized Stafford Loan $0 – $2625
Federal Unsubsidized Stafford Loan $0 – $4500
Federal Plus Loan Up to the cost of education less other aid received

 

Listed below are the maximum amounts that you might qualify for in each program. These amounts are effective 7/1/13-6/30/14.

All programs except Pipefitting

Types of Federal Aid Available Range
Federal Pell Grant $0 – $5645
Federal SEOG Grant $0 – $334
Subsidized Federal Stafford Loan $0 – $3500
Unsubsidized Federal Stafford Loan $0 – $6000
Federal Plus Loan Up to the cost of education less other aid received

 

Pipefitting

Types of Federal Aid Available Range
Federal Pell Grant $0 – $4233
Federal SEOG Grant $0 – $250
Federal Subsidized Stafford Loan $0 – $2625
Federal Unsubsidized Stafford Loan $0 – $4500
Federal Plus Loan Up to the cost of education less other aid received

 

All loans must be repaid. To apply for federal grants and loans, you must complete the necessary applications and documents.  The documents needed to apply include appropriate tax forms from the student, the student’s spouse (if applicable), and the student’s parents (if a student is a dependant).  If a student has a high school diploma or a GED, we’ll need a copy of the supporting documentation.

You have options

Sometimes students use financial aid in the form of private loans, which are not backed by the federal government. Federal loans are better because they typically have lower intrest rates than private loans. If you find you need additional assistance, you can apply for loans with private lenders that will allow you to borrow additional funds above your federal loan limits to use toward tuition and fees.

Many banks offer alternative or private student loans. The rates and conditions for these loans vary, so it is important to review all available information. Most private loan lenders usually provide streamlined loan processing, competitive rates, and reliable service.

Tulsa Welding School also offers a variety of financial options to help students pay for their training. These options may include a zero-interest payment plan, institutional scholarships, outside scholarships, and/or assistance from third-party agencies.

Many banks also offer alternative or private student loans. The rates and conditions for these loans vary, so it is important to review all available information. Most private loan lenders usually provide streamlined loan processing, competitive rates, and reliable service.

Our Financial Aid Department will work with you to evaluate all of your options to find the best solution for you.

Learn more and let TWS help:

Please contact either your TWS admissions representative or the TWS Financial Aid Department at
(888) 765-5555

Financial aid is available to those who qualify.