York Tech not only offers a great education, it now also offers students help in paying for classes.
After a 15-year hiatus, York Technical College again will begin offering federal Stafford loans to help students finance their educations. Students who qualify can borrow up to $7,500 their first year and $8,500 their second year at a fixed rate of 6.8 percent. In some cases, the federal government will pay the interest on the loan while a student is enrolled in school.
York Tech stopped offering the loans 15 years ago because of lack of interest. Now, however, school officials anticipate that at least 300 students are likely to apply for loans.
Kelli Dawkins, dean of students, said it could take until the end of October to certify the loans, but students who began classes Monday still would be eligible for loans for this semester. Interested students should fill out the free application for federal student aid available at www.fafsa.ed.gov as soon as possible. They also should contact the York Tech financial resources office at 327-8005 to be placed on a contact list when loans become available.
This service should be a great convenience to students who need to borrow money at a reasonable rate for college. It also is a good investment in gaining skills that could lead to a high-paying job.
This is just one example of how York Tech continually seeks new and better ways to make practical job training widely accessible to the students who need them.
Beginning soon, York Tech will resume offering federal loans to pay for education.