DETROIT – As a New Horizons student there are a number of tuition funding sources available, some of which you must qualify and apply for. Your Career Consultant can help you identify the funding sources available to you and the one to best help you get started in your program of choice.
MyCAA Program Funding
The Department of Defense (DoD) Military Spouse Career Advancement Accounts (MyCAA ) program provides up to $4,000 of Financial Assistance for military spouses who are pursuing degree programs, licenses or credentials leading to employment in Portable Career Fields. For more information, contact a New Horizons Career Consultant.
Trade Adjustment Assistance (TAA) Funding
The TAA program helps workers who have lost their jobs as a result of foreign trade. The TAA program offers a variety of benefits and services to eligible workers, including job training, income support, job search and relocation allowances, a tax credit to help pay the costs of health insurance, and a wage supplement to certain reemployed trade-affected workers 50 years of age and older. Individuals must be approved by the local workforce development agency to receive this type of funding. For more information about TAA funding visit http://www.doleta.gov/tradeact.
Veteran Friendly Funding
The GI Bill is a collection of education and other benefits provided to service members and veterans, the first of which was enacted by Congress in 1944. New Horizons offers a variety of training programs that qualify for GI Bill funding. Each of our programs is designed to provide you with the skills and certifications necessary to jumpstart your career. Depending on the type of GI Bill and percent of eligibility, you can get started with little or no out of pocket expense or education loans. For more information about GI Bill funding, please contact a New Horizons Career Consultant.
Approved Military Friendly School
New Horizons is an approved Military Friendly School for 2013. Learn more about our Military Friendly School status.
Workforce Investment Act (WIA) Funding
The Workforce Investment Act (WIA) focuses on job training for adults, dislocated workers and youth. WIA is a state funded, county administered program assisting individuals in acquiring skills necessary to obtain and maintain employment, which can include funding for retraining. Individuals must be approved by the local workforce development agency to receive this type of funding. For more information about WIA funding visit http://www.doleta.gov/programs/factsht/wialaw.cfm.
Incumbent Worker Training
Although the majority of training opportunities through the public workforce system are for individuals who are unemployed or underemployed, many states and local areas also support incumbent worker training as a critical facet of their regional economic development strategy. In fact, lifelong learning is increasingly the norm–and continuous skill development is often required to keep a step ahead of the global competition. The Employment and Training Administration (ETA) has granted states the ability to make flexible decisions about training dollars for incumbent workers. Different states have made different decisions about whether they will support such training, which high-growth industries will be eligible, and yearly limits, among other important considerations. To learn more about programs in your state and whether your company may qualify, visit your local One-Stop Career Center, talk to the local workforce investment board, or visit your state workforce agency.
Student Loans
Students enrolling into a Career Education Program may wish to secure a student loan. New Horizons recommends consulting your banking institutions or financial advisor on the best loan options available to you. Some common features of student loans include:
Inclusion of all educational expenses such as training costs, fees, books, exams, computer hardware and software
Competitive interest rates
No prepayment penalties
Repayment options
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