Federal Grants - General Info About Federal Education Grants
The Federal government offers federal grants provide money to students who demonstrate exceptional assistance to pay for their education. Your child may be eligible for Federal subsidies if he or she has not earned a Bachelor university. Unlike loans, grants do not have to be paid. When students fill out the FAFSA, you automatically apply for federal grants.
If you need financial aid for college, it's good to know if you qualify for scholarships. Scholarships are available for many qualified students do not have to pay.
Who awards the scholarships and what are the criteria to qualify?
There are many different sources that give scholarship money to students, including federal and state government. The government and the financial aid office determine whether the student qualifies for a scholarship and the amount of the grant is based primarily on financial need.
Federal Grants
There are two types of federal grants: The Fellowship Federal Pell Grant and Supplemental Educational Opportunity Grant (FSEOG)
* Federal Pell Grants are for students pursuing their first four-year college or professional degree. Students enrolled in teacher certification programs or to receive licenses may also qualify.
The actual amount of the award, which can be as much as $ 4.050 a year, is based on the Cost of Attendance (COA), the Expected Family Contribution (EFC) and enrollment status.
* The Federal Supplemental Educational Opportunity Grants (FSEOG) is also given to students pursuing their first four years of study or professional degree. Unlike Scholarships Pell, the FSEOG are not portable i-e it can not be transferred to any university.
The FSEOG is awarded annually and generally range between $ 100 and $ 4,000. Moreover, if you are granted a Pell Grant will give priority for the FSEOG.
Other sources of scholarships
The grants also may be available through the college you attend or other sources such as alumni associations and corporate sponsors. These scholarships can be based on the area of expertise, interest and student success.
State Grants
Some states also have their own scholarship programs. For example, California offers Cal Grants for California residents attending a college or university in California. To learn more about Cal Grants visit the website of Cal Grants http://www.calgrants.org
It is easy to complete and submit a Free Application for Federal Student Aid (FAFSA). Only this particular form has all the information you need to determine your eligibility for a scholarship and other financial aid.
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