If you’re seeking a college education, help is out there for you. No matter your circumstances, you can almost always find financial aid available to make your learning experience more manageable. One of the best kinds of financial aid is the granted program, which is basically free money toward your education from your government or school. If you’re in need, these strategies will reduce your financial stress as a student.
Need extra money for college? If you’re struggling to keep your bank account from running dry, there are plenty of financial options to help put your mind at ease. The Federal Pell Grant, the Federal Supplemental Educational Opportunity Grant, and other options designed for specific student groups lower your tuition and minimize your debt. Continue on for crucial details.
Find Out How Student Grants Can Save You Thousands on College Bills.
Federal Pell Grant
You can apply for the Federal Pell Grant by filling out your FAFSA form for federal aid each year you spend in college. The FAFSA determines your eligibility for many kinds of financial aid, including the Pell Grant, which is strictly need-based as long as you are attending school full-time. The maximum amount you can receive varies, but if you apply now, you could end up with over $6,000 for the year.
Federal Supplemental Educational Opportunity Grants
If you have a low enough income, you may be eligible for the Federal Supplemental Educational Opportunity Grant, (FSEOG) which you can also apply to through the FAFSA. This grant can award you with up to $4,000, a big help for a struggling student. The only catch is that not all schools participate and that funds are awarded on a first-come, first served basis. Make sure you fill out your FAFSA early and check with your college first.
Grants for Specific Groups
No matter who you are, there’s likely a grant for you. Federal and state grants are some of the most common forms of financial aid, but grants also exist for specific groups of people. If you’re a mother, a military veteran, a STEM student, a teacher, or a minority, you may be able to receive extra financial help depending on your state or school. You can check out the specifics on some of these grants on CollegeScholarships.org.
Just one simple online search has the power to reveal a long list of financial aid, much of which will be available to you as a student. We know you want to avoid a pile of student loan debt getting in the way of your future, so the more grant money you receive, the better. Remember, every cent makes a difference in helping you afford your diploma without emptying your bank account. Contact your school today to find out when you should start applying for grants.