Not all the students have resources to bear the college expenditure. Only a few students can afford to pay for college from their pockets.
The normal tuition fee of a public college, offering a four-year academic program, is $20000 per year. For a private college, it rises to $30000. Now with that much fee to pay and managing other expenditures at college is not simple.
Students have to look for alternate options to manage their finances. Loans, Scholarships, family funding, and education grants are the options students need to evaluate for their study.
Education grants are different from loans in the sense that students do not have to pay back money. Grant is free money with no interest and no repayment. So it is always a better option than a loan.
Education grants are different from scholarships as well. Scholarship is usually awarded on the need base or academic performance. For education grants, students need to be deserving one. It is not like that academic performance does not matter for a grant but financial needs get higher weight. Buy custom essays cheap to make sure your grant application can convince everybody.
Here is an overview of different opportunities of grant, students can avail.
1. Federal Grants:
College Students looking for financial help, should consider Federal grants as their first option. It is the base of all financial assistance programs in the United States. Federal government funds these grants and the U.S education department is responsible to administer them.
Some major grant programs for U.S students are Federal Pell Grant, FSEOG (Federal Supplement Educational Opportunity Grant), and Federal Teach Grant.
To check eligibility for federal grants students need to fill FASFA (Free Application for Federal Students Aid).
2. State Grants:
There is a higher education department in all the states in Union that monitors and regulates the higher education system in the state.
State provides financial assistance to the student through its higher education department as well. These grants are common at the state level and funded by the state from its own budget.
States offer financial help to lower-income students along with women and minority students as well.
3. Private Organization Grants:
If a student fails to qualify for a federal or state grant for college expenditure, he/she should not lose hope and look for the other opportunities around him for financial assistance.
Other than the government, many public and private sector organizations also provide financial help to the deserving students. All a student needs to do is have a close look at such opportunities and follow the instructions accordingly.
4. College Grants:
Another education grant opportunity that is available for students is funded by his/her college or university. Normally colleges are given private endowments from businesses or individuals to provide financial help to the students.
These grants are generally marked for needy, minority, female, high performing students.
It is a brief overview of the grants available for all the students in general. Other than these options, there are many other grants available that are specific to a student type, subject, degree level, and research.
Don’t miss out on the opportunity to evaluate these options as well for getting a better and free education.