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 several types of grants obtainable, college grants are those, which aid a student to follow up on education of their selection without worrying about the money factor. Many times, these grants are not utilized by even those individuals who are qualified for it just because they are not aware of how to apply and obtain one.
Not all individuals can afford college education. Most of them resort to the usual methods to fund their college education through scholarships and student loans. The simplest and convenient way to obtain monetary funds for your education would be through college grants. These college grants are considered as one of the best ways to obtain essential monetary funds for your education. The US government gives away millions of dollars annually as college grants to help students to complete their college education.
Scholarships and college grants are similar in the sense that they are funds that require no repayment. Not always does college grants are decided on the family's income. A college grant is usually 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 individuals. Particular National grant programs assist students in various ways. The Pell grant is one of the oldest and helps 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.
great academic records and superior aptitudes for leadership and service. The third federal grant is the National Science and Mathematics Access to Retain Talent Grant. These college grants give away with at least $4000 to undergraduates studying mathematics, sciences, and computer science. State governments give grants based on the requirement, merit and the area of study.
College grants are of two types. Need-based grants and merit grants. Need-based grants are those, which are awarded to people who cannot attend college without it. There are certain aspects that determine your eligibility 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 granted to those who show a fairly good academic record and superior aptitudes. The eligibility counts greatly on the overall academic performance and the high school GPA.
In order to apply for college grants, you will first have to file a FAFSA. The FAFSA is the application form for most Federal as well as State grants.
Government Grants are available to everybody. However, the Government does NOT come to you. You have to take the initiative to apply for grant kit and claim this free government money.