Hoosiers earning job certifications within a six-month timeframe can now turn to Accelerate Indiana to offset the cost of training.

Established by state legislators this year, Accelerate Indiana helps Hoosiers fast-track their careers by providing loans for short-term training programs in high-wage, high-demand jobs.

The loan amounts available range from $1,000 to $7,500 for those participating in approved job credential programs in industries related to advanced manufacturing, transportation and logistics, and information technology and business services.

Participating students only have to repay the interest-free tuition assistance if they secure a higher-paying job using their new skills. If a participant’s income doesn’t increase or stays below $42,500 annually, they do not have to repay the loan.

As graduates earn more income, the revolving funds will help replenish the program.

Accelerate Indiana not only prevents Hoosiers from paying out of pocket or taking out federal loans for short-term credentialing, but also helps local employers address the labor shortage.

Through this initiative, educational institutions and training providers will be able to offer a new student-friendly funding option to prospective and enrolled students.

For an education program to be eligible, a credential must be able to be earned within six months. The programs are provided only by state-authorized colleges, universities, career training programs, technical schools and academies.

Only vetted training programs that demonstrate highly successful student outcomes may participate. Programs certified by Accelerate Indiana will be able to serve more prospective students through this new funding option.

To learn more about program eligibility or to apply for assistance, visit accelerateindiana.org.