Every year billions of dollars are reserved as educations grants for students from the government. There is tax or interest to be paid on the money granted. The government does not demand you to pay back this grant money. Nevertheless, the education grants money should be utilized for education purpose exclusively.
The citizens of the United States of America are provided government grants by several government authorities. These grants are monetary and lawful money giveaways. Among the various types of grants obtainable, college grants are those, which aid a student to follow up on education of their choice without worrying about the money factor. Most of the times, these grants are not used by even those people who are qualified for it just because they are not aware of how to apply and get one.
Information on how to apply for the education grants is accessible on several websites. The Education Department of the US government offers all data on the internet sites and can be accessed through postal service, phone or the email. The application along with budget for the required amount has to be sent to the Program Office. The Education Department would review the applications as per the set norms and then award and administer the grant once every year. The Department also provides info on the website for different grants available.
Those students who cannot afford college education stick to conventional methods to fund their education like scholarships, study loans, etc. But the best and convenient manner to gain finances for your education would be through college grants. The college grants are regarded as the best the mode to get the necessary funds for your education through college. The US government grants millions of dollars every year as college grants to help students to complete their college education.
Various teams work on different aspects of education and the application is accordingly processed. The applications are ranked on different points, the one that score the highest takes the grant money. There would be a four to six months process period before the grants come through. The picked out candidate would receive the education grants and a progress report has to be submitted after completing one-year period. The grant team would need a report on the performance and utilization of the grant money.
Scholarships and college grants are alike in the sense that they are finances that require no repayment. Not always does college grants are decided on the family’s income. A college grant is commonly based on a variety of aspects, including economic need, student status, ability to pay and academic requirements. The National government and the state governments both give out grants to the people. Certain Federal grant programs aid students in various ways. The Pell grant is one of the oldest and assists in giving financial support for low-income students. This grant program has remained a precious source of money for undergraduate students who cannot afford college.
Education grant money is typically provided by a government agency, charitable foundation, or educational institution. It authorizes a specified amount of money to be provided to the qualifying pupil who is attending post secondary education. This amount can also cover the cost of tuition fees, books, hostel fees and any other equipment necessary for education. The grant amount does not have to be repaid unlike loans and they cannot be transferred or utilized for any other intention apart from education.
The second grant is the Academic Competitive Grant, which is given away to freshman students who demonstrate outstanding academic records and brilliant aptitudes for leadership and service. The final federal college grant is the National Science and Mathematics Access to Retain Talent Grant. This grant awards at least $4000 to undergraduate students studying mathematics, sciences, computer sciences, etc. State governments typically present grants based on the need, merit and the field of study.
Females that are economically underprivileged, not having enough resources or means to complete their studies are provided special education grants by many institutions and organizations. Women that have given up education for reasons such as lack of finance, having to work to earn their livelihood and support their families could apply for the special education grants. Women that have families to support or have discontinued education for raising their babies could avail of the grant money. Women that have applied for underrepresented courses too could avail the grant money.
The college grants that are granted are of two types. Need-based grants and merit grants. Need-based grants are those grants, which are presented to individuals who cannot afford college without the aid of external funds. Though, there are particular factors that determine if you are entitled for a need-based grant like – the number of dependents in the family, family income, family assets beyond the family income, etc. Merit grants are given away to those who show a reasonably good academic record and brilliant aptitudes. The eligibility depends greatly on the overall academic performance and the high school GPA.
Check whether you are eligible for the education grants before you apply for any of the grants that are offered by the organizations and foundations.
Those who want to get these college grants should first file a FAFSA. This is the application form for almost all National and State grants.