Trade school can be your fast track to a better career—but like any valuable education, it comes with a cost. Whether you’re dreaming of life on the open road as a CDL driver, working hands-on in HVAC/R, building a future in IT, or joining the medical field, figuring out how to pay for your training is a key step.
At Northeast Technical Institute (NTI), we understand that financial questions can feel overwhelming. That’s why we’re committed to helping every student find a realistic, manageable way to pay for school. Here’s a breakdown of the most effective ways to finance your education at NTI—and why choosing a trade school could be one of the smartest investments you’ll ever make.
Why Trade School is Worth It
Before we dive into financing, let’s talk about value. Trade schools offer:
- Faster completion times (many NTI programs can be completed in under a year)
- Hands-on, career-focused training
- In-demand career paths in growing industries
- Lower tuition costs compared to four-year colleges
NTI’s programs in CDL (Commercial Truck Driving), HVAC/R, Information Technology, and Healthcare are specifically designed to get you workforce-ready—fast. And with solid job placement support, your return on investment can happen sooner than you think.
1. Federal Financial Aid (FAFSA)
If you’re eligible, federal student aid can be a game changer. By filling out the Free Application for Federal Student Aid (FAFSA), you may qualify for:
- Pell Grants – Free money that you don’t have to repay
- Federal Student Loans – Low-interest loans with flexible repayment options
- Work-Study Opportunities – Part-time jobs while you train
NTI is an eligible Title IV school, which means we participate in the federal aid program. Our financial aid advisors will help you navigate the FAFSA and understand what you’re eligible for.
👉 Tip: The sooner you apply, the better your chances of accessing available aid.
2. Scholarships & Merit Awards
NTI offers in-house scholarships throughout the year, including:
- Anniversary Scholarships – Like our current 30th Anniversary CDL-A tuition scholarship, where the first 30 students to enroll in May or June get $1,275 off tuition (plus up to $500 in merit-based awards).
- Program-Specific Scholarships – Occasionally, NTI offers incentives for Medical Assisting, HVAC/R, or IT enrollees depending on demand and enrollment periods.
We also encourage students to explore local and national scholarship opportunities, especially those geared toward adult learners, veterans, and students entering trades.
3. GI Bill® and Veterans Benefits
If you’re a veteran, active-duty service member, or a family member, you may be eligible to use:
- Post-9/11 GI Bill®
- Montgomery GI Bill®
- Vocational Rehabilitation & Employment (VR&E)
- Maine Veterans’ Benefits
NTI is proud to support our military community. Our staff can help you navigate the process and ensure you’re using your benefits to their fullest potential.
4. State Grants and Workforce Programs
In Maine, there are several state-funded programs and partnerships that can help cover the cost of trade school, especially if you’re unemployed, underemployed, or looking to change careers.
Some key programs include:
- Maine CareerCenters – May offer tuition assistance for eligible residents
- Workforce Innovation and Opportunity Act (WIOA) – Helps individuals retrain for in-demand careers
- MaineJobs & Recovery Plan Funding – Occasionally provides incentives and grants for career training
NTI works closely with these agencies to make funding accessible to qualified students.
5. Employer Tuition Reimbursement
If you’re already working—especially in a related industry—ask your employer if they offer tuition reimbursement or sponsorships. Many companies are willing to invest in your professional development, particularly if your training will benefit the business.
NTI is happy to provide documentation or help you work with your employer on training-related expenses.
6. Flexible Payment Plans
We know not everyone can pay tuition upfront. That’s why NTI offers:
- Low down payments (as little as $100 to get started)
- Customized, interest-free payment plans
- No-credit-check options
Our goal is to remove financial barriers so you can focus on what matters: completing your program and starting your career.
7. Private Loans (Use with Caution)
If federal or state aid doesn’t cover everything, private loans can fill the gap—but they often come with higher interest rates and stricter repayment terms.
If you choose this route, make sure to:
- Compare lenders
- Understand the total repayment cost
- Only borrow what you need
Our financial aid team can walk you through your options and help you make the most informed choice.
Let’s Talk About Your Future
At NTI, financing your education doesn’t have to be a barrier. Whether you want to drive trucks, fix heating systems, build networks, or help patients—we’re here to help you get started.
📍 Campuses in Scarborough, Auburn, and Bangor, Maine
📞 Call 800-447-1151 or visit our website to schedule a financial aid consultation.
Your future is waiting—and you don’t have to wait to afford it. Let’s make a plan together.
