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Reskilling is crucial for career growth, but the cost can be daunting. Here are 16 scholarships and grants designed to ease the financial burden and help you advance your skills.
In the fast-changing job market, reskilling has become more crucial than ever. According to a report from the World Economic Forum, over 1 billion people will need to reskill by 2030 — a staggering number that underscores the urgency for accessible education. However, the financial burden of pursuing new skills can be daunting.
The cost of reskilling programs often leaves many feeling trapped in their current roles, unable to afford the education they desperately need for a career change. The fear of financial instability looms large for individuals striving to transition into tech. You might wonder how you can afford to upskill when your job barely covers your bills.
Various financial assistance options, scholarships, and grants are designed to support individuals like you who are determined to break free from stagnant careers and secure a brighter future. Whether you're dreaming of a stable tech job or seeking to avoid job obsolescence, these resources could be the key to unlocking new opportunities without the financial strain.
When you're ready to reskill, finding the proper financial support can make all the difference. Whether you're concerned about the cost or just trying to keep your finances stable while you learn, options exist.
There's something for everyone, from scholarships to grants and even specific programs aimed at helping you transition into tech. You’ll discover 16 ways to get that financial boost you need in this article. Each option offers a unique way to make your reskilling journey more affordable and less stressful.
If you're in the U.S. and looking to reskill without breaking the bank, several programs are designed to help you. One standout option is ApprenticeshipUSA, which offers training and pays you while you learn.
This program lets you earn an income while gaining hands-on experience in a field that interests you. By the end of your apprenticeship, you'll have an industry-recognized certificate and the skills to secure a well-paying job.
ReadytoRise is designed for those eager to quickly gain the skills needed for a well-paying job. It offers funding to help you earn a short-term, industry-recognized credential, making it easier to break into in-demand careers.
This program could be the perfect stepping stone if you dream of a stable career shift without the long wait.
The New York State Career Centre is a virtual hub designed to support New Yorkers needing employment and reskilling. It offers tools and resources to help individuals easily navigate their career transitions and provides personalized guidance and training opportunities.
Whether you’re looking to change careers or upgrade your skills, the New York State Career Centre is there to assist you. This platform is tailored for New Yorkers to help you find your next job and reskill effectively, making it an essential resource for anyone in the state.
UpSkill America focuses on supporting employers and workforce organizations in creating and expanding high-quality educational and career advancement opportunities for front-line workers across the country. It aims to improve the skills and career prospects of those often overlooked in traditional career development programs.
By collaborating with companies and workforce organizations, UpSkill America ensures that America’s front-line workers have access to the resources they need to advance in their careers. This initiative is crucial in providing opportunities for growth and development in today’s rapidly changing job market.
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The European Funding Guide is an invaluable resource for students in the EU, offering a comprehensive compilation of scholarships, grants, awards, and loans.
This platform connects you with various opportunities to secure financial support for your education, making it easier to pursue your academic goals.
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Digital Skills & Jobs Spain is a platform that provides various funding opportunities and scholarships to support individuals and businesses in developing essential digital skills. These initiatives aim to empower people to gain the necessary qualifications to thrive in the digital economy.
This platform offers a wide range of financial support, from scholarships like "Closing the Gap" for women leaders in digital transformation to funding programs that help small and medium enterprises (SMEs) enhance their digital capabilities. Digital Skills & Jobs Spain is an essential resource for anyone in Spain looking to advance their digital skills and career.
NABS offers Upskilling Grants to individuals who are either unemployed or at risk of losing their jobs unless they acquire new skills. These grants cover various courses, from coding to digital marketing, helping you stay competitive in the job market.
Whether you want to enhance your social media skills or dive into programmatic advertising, these grants provide the financial support you need to take your career to the next level. The Upskilling Grants are a valuable resource for anyone seeking to improve their employability and secure their future in an evolving job market.
The Advanced Learner Loan is a financial aid option available in England, designed to help cover the costs of a college or training course. The loan is accessible regardless of your income, and no credit checks are required, making it a practical option for many individuals seeking to upskill or reskill.
Repayment of the loan begins once your income exceeds a certain threshold, and interest is charged from the first payment. Additionally, options like the Loan Bursary Fund can provide extra financial support for related costs such as childcare or travel, making the Advanced Learner Loan a versatile and supportive option for those looking to advance their education.
Learn how upskilling and reskilling can boost your career, increase earning potential, and future-proof your job.
The STAP Scheme offers a yearly subsidy of €1,000 to adults connected to the Dutch labour market, supporting their training and development needs. This subsidy can be applied to a wide range of registered courses to enhance your position in the job market through quality, labor-oriented training.
The STAP budget is designed to help individuals improve their employability by funding relevant educational opportunities. However, the STAP Scheme will end in 2024, so those interested should take advantage of it while it’s still available.
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The Préparation Opérationnelle à l'Emploi Individuelle (POE I) is a program in France designed to bridge the gap between a candidate's existing skills and the requirements of a specific job. It offers customized training that prepares job seekers for positions they are preselected for, with training lasting up to 450 hours or 600 hours for priority candidates.
This program allows employers to tailor training to their needs, ensuring that new hires are fully prepared for their roles. The training can occur within the company or through an external provider, with financial assistance available to cover training costs.
The Action de Formation Préalable au Recrutement (AFPR) is a French initiative that helps align a job seeker's skills with a specific job's requirements before being hired. The program offers up to 400 hours of customized training within the company or through an external provider to ensure the candidate is job-ready.
This program is particularly beneficial for employers who commit to hiring candidates on a fixed-term contract (CDD) or through a temporary contract, as it provides financial support for the training process. The AFPR is an excellent way to increase the chances of successful employment by ensuring new hires have the exact skills needed for the role.
The Cheque-Formação + Digital is part of Portugal's Emprego + Digital 2025 program, offering a subsidy to develop workers' digital skills. This initiative allows employees, self-employed individuals, and business owners to receive up to €750 annually for digital training courses, enhancing their qualifications and employability in the ever-evolving digital landscape.
This program is designed to prepare participants for the challenges of the digital transition, helping them secure their current roles or adapt to new opportunities. It's an essential resource for those looking to stay competitive in a rapidly changing job market.
The ISA FJN is a unique financial support initiative by the Fundação José Neves, based on the Income Share Agreement (ISA) model. This program aims to help Portuguese individuals access education and training that will enhance their skills for the future without the burden of upfront tuition fees.
Once you complete your course and start earning a salary above a certain threshold, you begin repaying the FJN's investment through a percentage of your income. The ISA FJN is a forward-thinking approach that prioritizes education and personal growth, ensuring you only pay back when you're in a stable financial position.
Descodifica-te is a transformative program designed to empower women in career transition, particularly mothers and caregivers in Portugal. This initiative provides participants with essential digital skills, including no-code tools to create websites, apps, and other digital products, paving the way for a new career in the digital economy.
The program also offers mentorship and community support, guiding participants towards professional reintegration, whether by securing employment or starting their own business. Descodifica-te is more than just a training course—it's a pathway to a brighter, digitally empowered future.
Inspira-te is a comprehensive program designed to empower individuals in vulnerable situations, such as unemployment or precarious work. The program focuses on personal development, setting clear employment goals, and preparing participants for reintegration into the job market, whether by finding a new job or starting their own business.
Participants receive entrepreneurship, accounting, marketing, and networking training, along with mentorship and community support. Inspira-te is tailored to help individuals leverage their skills and experiences into successful and sustainable career paths.
Relança-te is a specialized program designed to empower micro-entrepreneurs focused on impactful projects that blend social, environmental, and financial goals. Throughout the program, participants gain essential skills in management, financial literacy, and digital empowerment, all within a collaborative and hands-on learning environment.
This program is ideal for those in Portugal looking to make a difference through their entrepreneurial ventures. With a strong emphasis on practical application and community support, Relança-te offers a comprehensive approach to launching successful, impact-driven businesses.
Reskilling is a decisive step toward a more fulfilling and stable career but often comes with financial challenges. Thankfully, various scholarships, grants, and programs are available to help ease the burden. By taking advantage of these resources, you can focus on gaining the skills needed to thrive in today’s job market without the stress of financial strain. Whether in the U.S. or Europe, numerous opportunities exist to support your journey.
At NoCode Institute, we understand the importance of accessible education and are committed to helping you navigate the financial aspects of your reskilling journey.
Ready to start your career transformation? Explore reskilling programs and take the first step today.
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