Tuesday January 06, 2009
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Grants are based upon financial need, as calculated by the federal aid program. The first step in applying for government grants is by completing the FAFSA.
Of course every student and parent would rather receive grants instead of loans, since they do not have to be repaid. So the student hopes to see a grant award when the results are returned from the application.
There are a few things to be aware of, however, when expecting a grant. The funds available for grants are limited, therefore the grant will not usually fully fund educational expenses. If the student is planning on attending a community college where tuition rates are lower, it is possible that grants will cover a greater percentage of the tuition and fees.
The second thing to be aware of is that when the need analysis is done by the government or school, the expected contribution of the parent is usually higher than in reality what is possible for most families. This expected contribution effects the amount available to the student for grants.
Another significant factor is that if the parent or guardian claims the student as a dependent on income tax returns, this effects the amount of aid available to the student. In general, a student who is 'independent' of the parents as far as the tax law goes, will receive more in financial aid awards.
First year students may find that they receive less grant awards than they do in subsequent college years.
Michael Carter is a contributor at College Financial Aid Guide, an online informational resource for educational funding, scholarships and student loans. Learn more about Federal Pell Grants and Supplemental Educational Grants
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Getting Into College No Longer A Numbers Game!
America is knee deep in an unsung higher education crisis that is affecting families from all walks of life. Most high school parents are not skilled in college admissions, and the vast majority of those braving the financial aid process without professional help fall victim to a system plagued by complication and confusion. According to the Dept. of Education, the overwhelming majority of those applying for financial aid are initially rejected for errors and inconsistencies! Adding to the problem is rampant misinformation, even from so-called reliable sources.
Outstanding Business Professors at WVU, Part 2
"For a country like this to function well, we all need to understand the basic institutions," Douglas said. "The market underlies much of what is changing in the world. Voting responsibly and participating in democracy the way we should is dependant on understanding economics."
Is Pursuing A Degree Online Really For You? Who Should And Who Should Not?
Stanford University's Center for Professional Development has recently completed a survey of those that have been successful in completing online degree programs globally. The results of their research provide useful guidance for anyone considering an online program. The findings of their research are summarized here:
What You Should Know About Scholarships
Scholarships are "free money" given away by the government, private institutions and organizations, charitable foundations, schools, universities, clubs, etc. Unlike loans, scholarships are not repaid to the scholarship provider.
Business needs are changing at a very high pace, so they expect the recruits to be up to date of the recent happennings. For this to happen the instructors at the college have to be on their toes, to understand the new activities. Once they get a complete understanding of the business needs they can very well mould and motivate the students to move in that direction.
What Makes A Penn State Online Degree Preferable To Other Online Degrees?
By getting a Penn State online degree, individuals receive a degree from a highly recognized university. Being able to add the words "Penn State" to your resume can give it the credibility it deserves.
How To Improve Your Study Habits and Remember Better
If you're like most students, you put off studying until the very last minute. The night before the exam, you'll stay up all night cramming, getting little or no sleep. In the morning, you'll drag yourself out of bed, psych yourself up with lots of coffee and some cigarettes, and go into the exam feeling exhausted, drained and jittery all at the same time. You'll find it hard to focus or think, and you'll be cursing yourself for not starting to study sooner.