1. Are you unemployed? See if you qualify for a WIOA Grant?
If you are unemployed, you might qualify for a WIOA Grant. This is a great option because it means it would be free. Funding, availability and program choices vary by where you live, so not everyone can take advantage but start here because it’s free if you qualify.
if you want a no risk option, this is the way to go. With a student loan, you assume all the risk. You have to pay it back regardless of what happens. With an Income Share Agreement, you pay nothing and owe nothing until you get placed in a decent job making the minimum threshold. if you get laid off later, you pay nothing until you are back at work. There is no interest. The institution assumes all the risk, so they will need to confirm you have the interest, desire and motivation to succeed before accepting you.
3. See what your employer offers
Many companies offer generous education benefits. Before you pay out of pocket, it is worthwhile checking with your HR department to see what is being offered.
4. See if your employer has any tuition vouchers
Many times a company like Microsoft or Cisco will offer tuition vouchers to companies to sweeten the deal. These vouchers mean the employee to get trained and the vendor (Microsoft, Cisco, etc.) pays for it. Many of these vouchers get unused because people don’t know they exist and never ask.
5. Get a student loan with deferred payments.
If none of the above options are available and you really want to get into this high demand, high paying career, try to get a student loans with deferred payments until after you finish. This will allow you to get trained and hired before you start paying back your loan.