Getting a college education is more important than it was 10 years ago, but with tuition skyrocketing, paying for college is becoming more of a struggle — especially for the growing number of students from low-income families. While student loans and grants are available, the interest rates of the former and the scarcity of the latter… Read more »
Federal Grants for College
Federal Supplemental Educational Opportunity Grant
The system of students receiving financial support in the United States is a practice that dates back to 1643 and Harvard college, while as of 1944’s G.I Bill of rights military veterans were eligible to receive support and financial aid from federal funds for tuition and living costs. As time passed and education steadily gained… Read more »
Federal Pell Grant
The Federal Pell Grant program is the largest need-based student aid program. In 2011 alone, the U.S Dept of Education handed out 34.8 billion in Pell Grants.1 Pell Grants are only awarded to low- and middle-income undergraduate students who have not earned a bachelor’s or professional degree. For many students, these grants are the foundation… Read more »
Academic Competitiveness Grant
As of July 1, 2011 the Academic Competitiveness Grant has been terminated and is no longer available as of the start of the 2011-2012 school year due to government budget cuts.1 While the U.S Government has made a series of provisions to use federal funds to provide financial aid to its citizens in many spheres… Read more »
What Types of Federal Student Aid Are Available to Students?
Typically, there are four (4) types of federal student aid available to college-bound students who file the FAFSA – grants, scholarships, work-study and federal loans. Each of which is a special funding that can be used to pay for your education expenses, including tuition, books, housing, and other fees. According to the Trends in Student… Read more »