Noble Path

Private Investor -Student Lending Program

To maintain our institutional independence, we do not accept federal student aid.  Thus, we have developed a private investor- student lending program through gifts from generous donors that believe in the principals that define and exemplified the Industrial Arts Institute since its founding.

These supporters GIVE  because they believe in our vision to build a skilled trades workforce utilizing a new education model standard that develops students with time honored training and connects talent with industry.

Students will need to fill out a form, but many families find that the Noble Path application and selection process is far simpler to fill out and less invasive than other Lending Applications or Federal Student Aid (FAFSA) documents.

Annual Percentage Rate
From 8% to 12%
Loan Use
Tuition Only
Up Front Costs:
Down payment-$500.00
Administration Fee- $100.00
Term of Contract
Up to 60 months
First payment due within 45 days of graduation (Date TBD)
Late Charge
If payment is late (more than 10 days after due) there is a$25.00   charge
Must be at least 18 years of age
U.S. citizen or permanent resident
No open (pre-discharge) bankruptcy
Admitted into Industrial Arts Institute trade program

Credit Application

Central Savings Bank

Student Loan

Central Savings Bank has been serving the Eastern Upper Peninsula since 1902. Although CSB branches are located in the UP, applicants can apply directly at the Industrial Arts Institute.


Learn more by visiting:


Awakon Federal Credit Union

Consumer Loan - Education Expenses

Financing your education can be done locally through the Awakon Federal Credit Union. Applicants can apply using Awakon Federal Credit Unions on line application. Choose “Consumer Loan” for Loan Type and then click “Education Expenses” for purpose of loan. Students can also apply in person at any of Awakon’s locations in Onaway, Indian River, Wolverine and Gaylord.

For more information, visit

Workforce Innovation and Opportunity Act (WIOA) Grant

Michigan Works!

WIOA is designed to help job seekers access employment, education, training, and support services to succeed in the labor market and to match employers with the skilled workers they need to compete in the global economy. Contact your local MI Works! Office for information on how you can apply for a WIOA Grant today.

For more information on the Workforce Innovation and Opportunity Act (WIOA) Grant, visit

The Rotary Club of Little Traverse Bay Sunset

The Baiardi Family Foundation

The Baiardi Family Foundation in conjunction with the Rotary Club of Little Traverse Bay Sunset is offering five $2,000 scholarships to eligible Emmet County Students for the Industrial Arts Institute (IAI) in Onaway, MI. Among other features of this program, successful students will graduate as a certified welder.

For more information on The Rotary Club of Little Traverse Bay Sunset, visit

Apply Now using the application below.

Apply Now

The Rotary Club of Little Traverse Bay Sunset

Frey Foundation

The Rotary Club of Little Traverse Bay Sunset in conjunction with the Frey Foundation is offering, four $1,000, one year vocational education scholarships, three of which are funded by the Frey Foundation and administered by Sunset Rotary. These scholarships are available to students in the Petoskey, Harbor Springs, and Alanson areas.

For more information on The Rotary Club of Little Traverse Bay Sunset, visit

Apply Now using the application below.

Apply Now

Inland Lakes Educational Foundation (ILEF)

Scholarship Program

The Inland Lakes Educational Foundation is organized to seek contributions and to provide a source of funding for educational programs, activities and events for the enrichment and benefit of the Inland Lakes School students. Scholarships for both vocational and academic studies are awarded to graduates of Inland Lakes Schools who are pursued career goals ranging from nursing to engineering to vocational careers.

For more information on The Inland Lakes Educational Foundation (ILEF), visit

To apply, contact Beth Fairbanks via email or phone:  231-238- 6868 ext. 145.

Northwest Michigan Industrial Association (NWMIA)

Academic Scholarship

An important role of NWMIA is educating our future workforce. Therefore, Membership dues fund scholarships that are awarded to students from our members’ employees and their families.

Applicants must be a current employee of a Northwest Michigan Industrial Association Member Company or a dependent of an employee. Applicant must be currently enrolled or accepted in an accredited college, university, or skilled trade college program. Applicant can be a full or part-time student. Priority is given to manufacturing and industrial related course work.

The Northwest Michigan Industrial Association accepts applications annually from February 1 through April 15, with awards in May. Scholarship Recipients will be recognized on the evening of the annual May membership event. Scholarship recipients are eligible for a one-time award.

The Academic Scholarship Application (PDF) can be obtained through the following link.

If you have any questions, please contact Chris Etienne via email at or call her at 231-838-2031.

Mailing Address:

Northwest Michigan Industrial Association P.O. Box 2452 Petoskey, Michigan 49770

Want to know more?

Feel free to reach out to us with any questions or comments about financing your education and current scholarship opportunitites.