Financial Aid for College
Education can be expensive, but should not discourage anyone from pursuing a higher degree. The government has made it more feasible for individuals to attend secondary education by providing financial assistance to those that qualify. It is important that the student is aware of all the potential resources for him / her during the financing process. Students can receive funding through grants and scholarships that can reduce the amount they may need to borrow.
Scholarships are sources of funding (or other promised aid) gifted to students to pursue their graduate or undergraduate education. While college scholarships are granted for a variety of reasons, the most common are student merit, financial need, athleticism, ethnicity and field of study. Although scholarships do not need to be repaid, some are awarded with certain stipulations (such as enrolling in a particular field of study or working with a certain organization).
Scholarships are money that is given by governments, foundations and non-profit organizations. Scholarships tend to have more rigid requirements for selection, and are typically targeted towards those going to college. Scholarships will require students to meet certain requirements, both before and after they've obtained it.
To find scholarships and browse by category or discipline, click here: Scholarship Information
Students can find out if they are eligible for grants by completing and submitting the Free Application for Federal Student Aid (FAFSA) form. Although there are many grants, the main opportunities are the Federal Pell Grant, Federal Supplemental Education Opportunity Grant (FSEOG), and Academic Competitiveness Grant (ACG).
Federal Pell Grants are mainly awarded to students who have not earned a bachelor’s or a professional degree. For the year ended June 30, 2012, the maximum award is $5,550. However, this amount changes each year and is dependent on the student’s financial need, full-time / part-time status, and the cost to attend the school.
To find out if you qualify and for more information, click here: Grant Information