December 11, 2017

Government Grants For Students To Go To College

For those who are graduating from high school planning to change career paths, now is the perfect time to explore opportunities in how to acquire government grants for students who want to go back to college. These are like scholarships in that they are free money that do not require repayment. However, there are many differences beyond that.

Government Grants

Student grants are typically funded through Federal and state government programs. Traditionally, they are based on income, ability to repay, academic achievement, and student status. Although not based solely on family income, this characteristic does have a huge impact on whether or not one can qualify.

The first most common grant is based on need. This is not based on income alone, but rather on the number of family members in the household, number of family members attending college, the ability of the family to contribute to a student’s education, the assets of the family, and the students’ academic standing. Many students fail to apply for free money because they believe they won’t qualify. As a general rule of thumb, it’s a guarantee that if a person doesn’t apply they won’t qualify.

A second kind of grant which is very common is called merit-based. These are for students who excel academically whether or not they have a financial need. State-based grants are frequently awarded to students with high GPAs and low income levels. These usually require an application separate from the FAFSA and can be found on the home state’s government website as well as on the websites of the colleges or universities were applications are being considered.

The first application one should fill out, however, is the FAFSA. This will provide students access to Federal monies automatically. There are stringent guidelines and time-lines with this program so it’s important to submit the application as early as possible and no later than March 1st of each year. State grants, on the other hand, often require an additional application which can be downloaded from government sites. Additionally, colleges and universities will also carry information on private grants that are also available.

It’s important to remember that the FASFA must be filed on time annually in order to ensure continued qualification. One of the most popular grants in the Federal program is the Pell grant. This program is designed for financially disadvantaged students. Often, the award is based on academic achievement, the contribution of the family, and several budgetary restrictions.

For students with the most significant need a Federal Supplemental Education Opportunity Grant is available. This is where no family is available to contribute to higher education costs. These students are provided with funding first and then remaining money is sent to other programs to support students who have lesser needs. Another program often forgotten is the Montgomery GI bill. This supports students who have served in the military who have the desire to continue their education at the college level, in a vocational school, or with technical training.

There are various websites where you can research financial aid and government grants, including this one. However, there are also booklets available that will provide the answers to many questions students entering college may have regarding funding. For those who feel they’ve may have limited options after high school, today there is absolutely no reason not to pursue one’s dreams.

Find out more: http://www.grants.gov/

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