Medical Assistant Scholarships and Grants
Finding medical assistant scholarships and grants takes a little bit of legwork—but they're worth the effort. Once you've decided to become a medical assistant, scholarships will help you achieve your goal with the minimum amount of personal expense. Since you'll never have to pay back any funds you receive as a medical assistant scholarship, they're a great way to pay your tuition.
There are many organizations that give scholarships based on the field of study you select. Seek out professional organizations for medical assistants to find out if they offer scholarship opportunities. One example of an organization awarding a medical assistant scholarship is the American Medical Technologists (AMT).
Financial Aid for Medical Assistant School
The Federal Student Aid programs are the largest source of college financial assistance, each year providing billions of dollars in funding through a variety of methods: as gift aid in the form of grants (money that does not have to be repaid), as self-help aid in the form of work study (job earnings) and loans (money that must be paid back at interest). Before you do anything, you should first fill out the Free Application for Federal Student Aid (FAFSA) to determine your eligibility for student financial aid.
The following represent some of the most common types of student loans and financial aid:
A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor's or a professional degree.
Stafford Loans (Student Loans)
Stafford loans are fixed-rate loans for undergraduate and graduate students who are attending college at least half-time.
PLUS Loans (Parent Loans)
Parents can borrow a PLUS Loan to help pay education expenses if the student is a dependent undergraduate student enrolled at least half time in an eligible program at an eligible school.