The Aerospace Loan Program (ALP) provides low-interest loans to Washington students who have been accepted into the Washington Aerospace Training and Research Center Program located at the Everett-based campus. The Washington Aerospace Training and Research Center (WATRC) was created to help meet the demand for skilled entry-level aerospace workers in Washington.
Students can receive up to $2,500 for the first CORE training module and up to $3,200 for the second training module. Recipients have up to four years to repay their loans after completion of their program.
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What is the application process?
1) Meet the guidelines under "Who can apply?" below.
2) Complete the Aerospace Loan Program Application and Promissory Note below.
3) Mail loan application and promissory note to: ALP, PO Box 43430, Olympia, WA 98504-3430.
4) If approved for the loan, contact Edmonds Community College for class availability and registration.
Who can apply?
An applicant must:
- Be a United States citizen or an eligible non-citizen.*
- Be 18 years of age or older.
- Be a high school graduate or have a GED.
- Declare intent to work in the state of Washington in the aerospace industry.
What is the award amount?
The maximum loan amount is $8,900. Payments are issued twice during the 12-week training program. Students may request and receive up to $2,500 to pay for the four-week online segment. With verification of the Core Certificate, students may request and receive up to $3,200 to pay for the on-site classroom training segment. Students must meet the satisfactory academic progress requirements set by the program in order to receive the second payment. Students may request and receive up to $3,200 to pay for the Quality Assurance Certificate upon successful completion of Certification Program.
How long does it take to process my loan?
Once a completed packet is received, a credit report is run. The completed application is reviewed by an internal committee. This process takes two to three weeks. You will receive a letter either by email or mail to inform you of the result of your application. If approved, you will be notified and it is your responsibility to contact Edmonds Community College to register for the program. The school will contact the Council once you are enrolled in a class.
How are the payments issued?
Payments are issued to the school twice during the 12-week training program. The school will request the first payment of $2,500 to pay for the four-week online CORE segment. With verification of successful completion of the CORE segment, the school will request the second payment of $3,200 to pay for the on-site classroom training segment.
When and how do I repay my loan?
The student/borrower has six months from the certification program completion date to begin repaying the loan. Students who withdraw from the program must begin making payments immediately. Payments are to be made monthly. The student/borrower has up to four years to repay the loan.
2018-19 application, forms, and report:
- 2018-19 Application
- 2018-19 Promissory Note
- 2018-19 Cosigner Application
- 2018-19 Promissory Note with Cosigner
- 2017 Aerospace Training Student Loan Program Report
Participant Forms (for use only by those applicants who have been funded)
Washington Student Achievement Council
- Program staff
Phone: 888-535-0747, option 5
Edmonds Community College (for class registration and program information)
- Phone: 425-640-1840
Aerospace Training and Research Center