Getting an education is a life-changing experience, but it can also be an expensive one. PEF loans are available for qualified technical and vocational programs lasting no more than two years. They are used to pay for tuition and fees (such as supplies, books, certifications, and exams). PEF loans cannot be used to pay the cost of travel to and from school, daily living expenses, or the cost of a computer or other study aids.
We encourage you to review chapter 6 of Education for Better Work and complete all of the activities suggested so that you identify the best way to pay for your education.
For example, you will need to think about the cost of travel to and from school, the cost of a computer or other study aids (if needed), and your daily living expenses. These costs aren’t covered by a PEF loan.