Going to college is an essential aspect of our life. We learn many things at college in terms of the new people we meet, different cultures, assignments, etc. Some people do skip or drop out of college for some reason. Some may join a different course, or some may join college again after a few years. College life forms a strong impression in our lives.Whenever we think of college, the most crucial thing that comes to our mind is the tuition fee. While parents do save money to send their children to college, there are so many occasions on which the savings may not suffice. Especially with the rising costs of education, this remains a worry among parents and students.
What Are the College Funding Options Available?
Kids from affluent families don’t face issues with funding. They have to only focus on meeting the program requirements. Whereas, for many students from low-income families, who wish to take up programs from domains such as STEM, they can hit a roadblock. Something to ponder!
In the United States, there are multiple grants and scholarships available for students who are financially challenged. Working part-time won’t help students in premier programs pay their tuition fees in addition to their parents’ contribution. Federal and state grants are the best options available.
Types of Grants:
Grants with the most significant funding are provided mainly by the federal government based on needs or merit. The most famous federal grant in the US is the Pell grant. Other merit-based grants for STEM courses are given to existing Pell grant recipients. The amount granted could be up to a maximum of $5500.
Need-based grants to take the students and their family conditions into the picture before paying out. It is given out on the basis on who needs the grant the most. It doesn’t have to be repaid. Merit-based grants mostly support STEM category program students who are academically excellent but not financially well-off. Supplementary grants such as FSEOG supplement the grants and scholarships that a student receives.
Many other federal grants involve a service clause in exchange for a grant. These are mainly in highly demanding fields such as nursing, teaching, children of military personnel who died in combat in Iraq and Afghanistan, etc. Students should undertake that; they would serve in an underserved area for a fixed time period after graduating.
With so many grant options around and dedicated websites that help you apply for these, you can throw away your college funding worries.
Ria Has Her College Funding Options Ready Before Finishing High School
Ria has been particular about the program she wishes to do at college. But she isn’t taking chances with her college funding. Her college fee would reduce her parent’s savings, which she doesn’t want to happen.
Ria had come across Education Grant, an online portal that helps students find their college and the grants or scholarships available. She found that they gave her information on colleges or universities that would provide her grants/fellowships for her tuition fee and other expenses based on a questionnaire.
She filled in the questionnaire on the website, which guided her as to what exactly she needed to do to apply for grants to the college she would choose to apply. Ria is now free of worries knowing what she needs to do as soon as she finishes high school.