If you’re considering becoming a pharmacy technician, you might be wondering if financial aid will cover your pharmacy technician certificate program.
The good news is that financial aid has come a long way over the years. Most programs, if done through a federally recognized program or school, offer multiple ways to secure financial aid. For students hoping to go to school to become a pharmacist, you can apply for everything from grants and scholarships to loans and work-study programs.
Let’s take a look at what’s available to individuals attending pharmacy technician school
FAFSA® and Pharmacy Technician School
Your first step to getting aid for pharmacy technicians school is to file your FAFSA® application. The Free Application for Federal Student Aid (FAFSA®) qualifies you for any federal grants, student loans, school-based scholarships, or work-study opportunities available at your school of choice.
Filing the FAFSA® could qualify you for:
- Federal Pell Grants – These grants do not need to be repaid, and for the 2021-2022 school year, Pell Grants were available to a maximum amount of $6,345
- Federal Supplemental Education Opportunity Grants – Available for low-income students, this grant is awarded based on financial need up to $4000
- Direct Unsubsidized Loans
- Direct Subsidized Loans
- Work-Study Programs
- Program & College-based Scholarships
As you can see, you have the potential to qualify for lots of aid options just by filling out one application.
Pharmacy Technician Scholarships
A simple Google search will lead you to tons of opportunities for scholarships, no matter what career path you intend to pursue. You’re encouraged to read through the qualifications and apply for any scholarships you qualify for.
The American Pharmacist Association Foundation Scholarship Program is a pharmacy-specific program that offers ten scholarships per year totaling $1000 each for Pharmacy Technicians students. You can read through qualifying factors and apply for the scholarship here.
Some schools and programs offer work-study opportunities to students as part of their financial aid package. You would dedicate some of your time to working for the school and will get paid with the intention of you using that money towards your education.
While these programs are not available at every school and don’t work for all students, they are an option if you feel you’ll have the time to work while attending school.
Private Student Loans
Outside of federal student loans, your last financial aid option would be to take out a private student loan. These differ from federal loans in several ways, including repayment options and interest rates.
You can learn more about the difference between federal and private student loans here.
When it comes to going to school to become a pharmacy technician, there are several financial aid options you should consider. Contact your school’s financial aid office for more information about what they offer and your next steps after filing the FAFSA®.
If you need help filing your FAFSA® this year, FRANK can help. Contact our support team for more information.