Oklahoma College of Construction

Our finance department is standing by to help you make arrangements for financing.

Financing your education: An investment in your future.

One of the most crucial factors in the amount of money you earn in your lifetime is the amount of formal education you've received. In fact, the average college graduate earns nearly twice as much as someone with no college experience. As a future heavy equipment operator, you are in the unique position of being able to attend a little school for a lot of benefit. Graduating from the Oklahoma College of Construction can give you the education and experience to earn the same amount as those with major college degrees.

Your education may seem like it costs a lot of money now, but after you work in the industry for a while, you'll quickly see how fast life pays for itself and gives you a rewarding career for life.

Many private banks offer career loans at special rates for individuals who want to attend school for special training. This type of student funding relies on the applicant's credit history to determine qualification and interest rates. Basically if you or your co-signer have decent credit you'll probably be approved with a great rate. If your credit score is insufficient you may have to settle for a loan at a higher interest rate. If your credit score is poor we strongly encourage you to find a co-signer who believes in your future.

If you cannot qualify for a loan on your own your next best option is to find a co-signer with good credit. This will allow you to take advantage of better interest rates and save you money by lowering your payments.

If you own a home, many banks offer easy and affordable financing options to borrow against the equity in your home. Remember, an investment in your education is an investment in your future.

Often overlooked, the option of asking relatives and friends to borrow money can be a great alternative to bank financing. If your relative or friend is uncomfortable lending money ask them to consider co-signing for you.

Although credit cards typically have high interest rates this option can be especially useful to pay for living expenses while in school.

Similar to a home equity loan, many banks will finance you if you have sufficient property or possessions to 'secure' the loan in case of default. To qualify for this loan, you or your co-signer needs to be employed.

There are many grant programs that give money to people that quality for assistance and expenses related to career training (i.e. WIA-Workforce Investment Act, Tribal Education, etc.). Please call the school and speak with a financial specialist to discuss how you may qualify.