College Grants Explained
With the United States and much of the rest of the world in economic turmoil,this is a great time to think about improving your skills in order to help you land a job in this super competitive environment. An education is something that is essential to bettering yourself and giving you opportunities you might not otherwise qualify for. Many people want to attend tech school, college or online college but are afraid they cannot afford to do so. Please do not let money be the only thing preventing you from improving your education. There are a variety of funding options available (scholarships and grants) and we would like to help you obtain the funding you need to improve your education. Many people do not know where to start, so we have good news, you are at the right spot! With that in mind, let’s get started on our journey with the article: College Grants Explained.
In order for you to develop the skills you will need to improve your career you will need higher education – A College or University. Now, having said that, there is only 1 small problem – How to pay ?
The first thing you need to consider is an Education Grant.
A College Grant is an award given to a student by the State or Federal Government (or sometimes both). The advantage of a grant when paying for your college education is that a Grant, unlike a loan, does not need to be repaid. This is why it is the preferred form of financial aid. Grants should therefore be your first option in financing your education.
Educational grants are awarded based on the students financial need, their eligibility and funds availability. In addition, grants are often distributed on a “First Come – first served” basis. That means you need to apply as early as possible to ensure you obtain the grant money you desire. Education Grants are also desirable as they can be used to pay for tuition and
other college related expenses. These government education grants exist for both undergraduate and graduate students.
Last year, the 2009-2010 school year, the average award across grants per student per year was $2,278 with the maximum award being $5,350. That is a lot of money per student. Making it definitely well worth it to apply for school grants.
We will be detailing the various types of grants in the future so please visit our site often. Until then, let us provide you with some additional information and answer some questions you might have.
Who is Eligible for One of these Government grants? Education Grants were designed mostly for undergraduate students, but graduate students may receive these grants in some cases. In order to be eligible students must be enrolled or accepted for enrollment before they apply. Weather grants are
awarded or not will depend on your FAFSA application result. Very often the school will make the decision if you qualify for certain state or school based college grants. Sometimes schools are not able to decide automatically. In this scenario you may be required to apply to grant administrator in order to be considered for a particular grant.
When you fill out your FAFSA forms, the information from that application is used to calculate the Expected Family Contribution, or EFC. This EFC report determines whether the student is eligible for a Pell Grants or not. EFC stands for Expected Family Contribution. This EFC is the number that is used to determine your eligibility for federal financial aid.
This number results from the financial information you provided in your FAFSA application. Your EFC is reported to you on your Student Aid Report (SAR).
How and Where do I Apply? Most are provided by the federal government, so you apply by submitting your FAFSA application. For other non federal grants you have to find the administrative contact for the grant. You may contact him directly and see what the enrollment process is for that specific grant program.
Where to Apply
Federal Student Aid Information
8 a.m. to 8 p.m., M-F (EST)
Phone: 1-800-621-3115 – Default Resolution Group
Phone: 1-800-557-7392 – Direct Loan Consolidation
Phone: 1-888-869-4169 – Disability Discharge Loan Servicing
Phone: 1-800-433-3243 – Federal Student Aid Information
Phone: 1-202-377-3800 – Office of the Ombudsman FSA
Can I apply for student grants if I have a student loan? This question comes up a lot. Yes, you can apply for student grants if you have a student loan. You can always apply for grants, even if you have a student loan as long as you did not default on your college loan. To be honest I would apply for grants even if I was in default on my student loan. Chances are you will find a program that will give you grants for your education even though you ran into debt problems. It does not hurt to try. Make sure to be legitimate.
Can I receive education grants if I am enrolled less than half-time?
Yes, you can receive education grants if you are enrolled less than half time but you will be able to receive only the Federal Pell Grant and the FSEOG. Moreover, you may not receive as much as if you were enrolled full-time. For the ACG and the National SMART Grant, you must be enrolled full-time.
What is the most important requirement in order to receive college grants?
In most scenarios college grants are awarded based on your financial situation. If you are in a financial need college grants may be awarded to you. In a scenario where you are a wealthy student grants may not be awarded. I believe the most important tip in receiving grants is speed. You must be one of the first students to submit your application. I am sure there will be more than one student in financial need, and we know at this point college grant money is limited.
To Sum it All Up – Education grants exist if you are willing to receive higher education and you do not want to pay for it using your own money.
When looking for financial aid, grants are the first thing you should look for as they mostly do not have to be repaid. It is free money for your education. Everyone should apply since the Education Grants were built for everyone in mind. Worst case scenario you may receive less than full amount, but you should be awarded some money.
You made your first step by reading to the end of this article and the next step for you is to fill out and submit your FAFSA application. If you stop right here you wasted time reading the above text. Do not waste time, visit our website and find out more information. In case you are awarded money, visit us back and share your success with us.