Going to culinary school is a wise investment into your future in this exciting industry. However, tuition for top culinary schools can set you back tens of thousands of dollars dependent on the program you choose. Instead of footing your entire tuition bill yourself, look into financial aid. You will be surprised at just how much help you could receive.
Some examples of financial aid available to culinary students include government loans and grants in addition to private financing. The first thing you will want to do is to complete the Free Application for Federal Student Aid or FAFSA. This alone will tell you what kind of government aid for which you can qualify.
If no one can claim you as a dependent and you have a low annual income, you will most likely qualify for substantial government aid.
After this, you could also look into a college loan. College loans are designed for young adults who are just starting out on their own, therefore they usually have a considerably low interest rate. Due to government regulation, you will not be required to pay back on your college loan until six months after the time of the loan's issue date.
While a private loan will have a higher interest rate, an advantage to them is that you will not have to make payments until after you graduate or exit culinary school. They also have higher loan limits than college loans. For students not intending to work through school, this could be optimal. To get either a private or a government loan, completing the FAFSA is required.
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My passions include food, home improvement and education. If you enjoy my writing please check out Culinary School.
My passions include food, home improvement and education. If you enjoy my writing please check out Culinary School.
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