Financial Services

Here at Millennium Training Institute we are committed to helping you achieve your educational goals.  Funding your education is easy once you've made the decision to enroll in our school.  A representative from our Financial Services department will guide you through the process.  To get started you can schedule a visit or request more information.  Below is some basic information on the types of financing available, and remember, we're always here to help.

Grants

The main criterion for receiving grants is substantial financial need. Grants do not have to be repaid unless a student becomes ineligible. Students must be enrolled and in good standing.

State Grants – Candidates that are members of the Massachusetts One Stop Career Centers may qualify for funding provided through the Workforce Investment Act (WIA), Trade Adjustment Assistance (TAA), the Department of Transitional Assistance (DTA), Employment and Training Administration (ETA) and similarly funded programs. These funding sources allow individuals that are experiencing a separation from employment or an extended period of unemployment an opportunity to develop skills necessary to transition into a secure employment opportunity, ideally for the long term. Those candidates that enroll in a training program that are also currently collecting Unemployment Insurance (UI) benefits may qualify for a Section 30 benefits extension while in training. The Section 30 extension allows qualified candidates the opportunity to receive an extension of benefits for up to an additional 18 weeks beyond their regular UI benefits period, or until the end date of their training program, whichever comes first.

Scholarships

Millennium Training Institute provides scholarship opportunities to students who have been sponsored by a grant through the State of Massachusetts, a City program in the State of Massachusetts, and prospective students who are currently experiencing financial hardship personally or in their family household. All parameters of the MTI Scholarship program are set forth in Millennium Training Institute Scholarship Policy and Application Booklet available to all applicants. Applicant eligibility, application process, selection process, award determination/denial process and award disbursement are all described in the MTI Scholarship Policy and Application Booklet. A copy of this booklet is available at the Financial Services Office.