Government Grants For College Students
As the costs of college and university continue to climb, students are finding it difficult to be able to afford their schooling. In fact, many students are scared off by the soaring tuition fees as the thought of the debt that will inevitably accumulate throughout their schooling becomes a concern. Fortunately, student loans are not the only way to pay for your education. Education grants are provided by the government to help America's young minds with tuition payments and other expenses. There are many different types of education grants you can qualify for. Potential students from a low-income household can qualify for one of many different needs-based grants, such as the Federal Pell grant, which helps underprivileged students pursue academic studies that would otherwise be unavailable to them. These needs-based education grants also include financial aid for disabled students, students of minority,students enrolling in certain programs (such as health care, technology or photography), students of a certain age and more.
A Federal Grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Federal grants are not federal assistance or loans to individuals. Every day, thousands of dollars go unclaimed in government grants. This is Free Money that you may be entitled for to help yourself make it through tough economic conditions. You can use government grant money to pay your bills, college, school, medical expenses, business costs, or even personal use. Every year, Federal and State governments allocate billions of dollars to fund Government Grant programs. In 2009, for instance, the US government created thousands of programs to assist individuals in need of funding. This included over 1,000 Federal Programs, 24,000 State Programs, 30,000 Private Foundations, and over 20,000 Scholarship programs. Then are now over 1,500 government grant programs available through 57 different federal agencies. There are now over 1,500 government grant programs available through 57 different federal agencies. In 2010, the government has also allocated billions of dollars in government grants and various funding programs.
Federal Pell Grants are direct grants awarded through participating institutions to students with financial need who have not received their first bachelor's degree or who are enrolled in certain post baccalaureate programs that lead to teacher certification or licensure. Participating institutions either credit the Federal Pell Grant funds to the student's school account, pay the student directly (usually by check) or combine these methods. Students must be paid at least once per term (semester, trimester, or quarter); schools that do not use formally defined terms must pay the student at least twice per academic year.