School Grants and College Financial Aid
Do you dream of going to college and obtain a degree? And, are you facing financial hardship that is blocking your road to a better life?
The school grants give students an opportunity to go to college for higher studies. The college grants are of great importance to the students who belong to low income families and cannot afford to pay for their education course.
There are many different kinds of school grants available to help students complete their education. And, these grants for schools are available from both government and private organizations. You can apply for any number of grant for schools and school grant.
Unlike the traditional student loans, the school grants are not required to be paid back by the students. The financial help given in the form of grants for schools does not need any credit check or collateral. The grant for schools and school grant come with free money to be spent for your education expenses.
Grants for Schools –
Federal Grants – The US Government helps students through many federal school grants. These school grants help students of all levels and all fields. Both undergraduate and graduate students can apply for these grants for schools. The conditions of these grant for schools and school grant may differ for the undergraduate and graduate students.
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FAFSA – The ‘Free Application for Federal Student Aid’ application is the way to apply for the federal grants. You need to file in the FAFSA application form if you want to get help from any type of federal school grants. There is no way to apply for grant for schools and school grant without filling out the FAFSA form.
Most of the federal grants are need based – these college grants are awarded to the students who cannot afford to pay for their college tuition fee, books etc.
Federal Grants Eligibility – The federal grants awarded in the form of college grants are based on financial need. The eligibility criteria of these federal grants involve evaluation of EFC (Expected Family Contribution), financial information, household size and number of school goers in a family. EFC is the total sum of the net income percentage and net assets percentage of a household. Students are required to provide this information honestly to apply for these federal grants. The misinterpretation of information can result in rejection of your application for federal school grants.
Grant Money – The amount of money given in school grants totally depends on the particular course you are enrolled in. The grant money of federal school grants can be either given to a student or it may be directly deposited to their school account. With some programs, the money of grant for schools and school grant may depend on the particular institute you are enrolled with.
The two popular school grants funded by the government are – Pell Grant and FSEOG (Federal Supplemental Educational Opportunity Grant).
A large number of students apply for these two federal grants every year. The application process is the same for these two
federal school grants. These college grants have awarded a very large amount of money over many decades.
Pell Grant – The Pell Grant is named after U.S. Senator Mr. Claiborne Pell. The Federal Pell Grant awards over $5000 for each semester to the students. For this federal grant, only undergraduate students are eligible who may be attending college full time or part time. The eligible students for these college grants need to attend full academic year.
FSEOG – The grant money for this program can range from $500 – $4000. This federal grant is also for the undergraduate students only. This grant program has 4,000 educational institutes associated with it.
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Institutes – Colleges and Universalities can also help you get grants for schools. The educational institutes have a separate financial aid department for the where students can get guidance about the available school grants. You can approach the counselors and they will help you understand the process and eligibility requirements of all the federal and state government grants, private grants and grants from the institute itself.
Minority Grants – Apart from regular federal school grants, you can also apply for the school grants that are minority specific – these grants for schools are awarded only to the students who belong to minority groups. There are millions of dollars reserved in school grants for different ethnic groups like African American, Hispanic, and Indian American etc-etc.
Major Specific Grants – You will find school grants that offer financial help for all subjects, while there are also many grants for schools that are major specific. These federal school grants help students with the specific subjects they are enrolled with. School grants for subjects like math, science and engineering are available abundantly. Fellowships and research grants are also available for higher studies from different sources.
The graduate level students have many options for their college grants. Both state and private groups are willing to help them with their education courses. There are plenty of scholarships and grants available for fields like Nursing, Teaching and many other fields.
Federal government has many separate programs for the graduate students. There are different college grants available from government groups like –
» The National Science Foundation
» The US Department of Agriculture,
» The National Marine Fisheries Service
» The US Department of Commerce
» The National Oceanic and Atmospheric Administration (NOAA)
Private Grants – Apart from the federal government, private corporations also help students complete their education. School grants from different private sources may have different requirements in order to be eligible for their financial aid help, but most of them require the students to have academic excellence with good grades. But, the low scoring students do not need to be disappointed from the private foundations as many private groups do not require you to have good grades, they offer grants for schools to students who have genuine financial need, but these groups may be looking for certain factors like community service, church activities, residence area etc-etc. in your grant application.
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‘Bill & Melinda Gates Foundation’ is one of the major private organizations that offer grants for schools. Groups like Bank of America, CNN and many other award millions of dollars every year in the form of college grants.
Work-Study Programs – Besides, the federal school grants, the government also offer separate programs that are known as the ‘Work Study’ programs. These college grants help students complete their graduation with free money and in return, they are required to work for the government for a certain period of time when they completion get their degree.
Some private organization may also offer your school grants in the form of ‘work study’ programs.
The school grants from different sources are available for everyone – not just the traditional students, but the older students can also apply for them. Yes, single moms can also apply for this financial aid. Education is very important for career advancement. One cannot achieve success without a high degree in their hands. So, the school grants are there to help everyone climb the ladder of life.
Keep in mind that applying for school grants is a time consuming process and it demands patience. It is advised that you apply for school grants in the beginning of the year as competition is really tough. Apply for different school grants to increase your chances.
It is good if you apply for the school grants in your high school years. Get help from your school counselor about the available school grants for higher education. And, always participate in the extra-curricular school activities and community services as it increases your chances of getting approved for grants for schools as it leaves a good impression on the teachers and administration.
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So, take advantage of this free financial aid available in the form of college grants from different sources to complete your education.
Get educated and get a great life.