Many students fail to apply
for grant and scholarship programs, as they believe that such are a privilege of the brightest students.
Your child has qualified for $ 5000
in grants and scholarships from the college, and has won a private scholarship in the amount of $ 2000.
After seeing if your child is eligible for any free financial aid, the next step is too seek out
grants and scholarships from private organizations.
There are many sources of
grant and scholarship aid including the federal government, state agencies, colleges and universities, and private organizations.
For many students, savings,
grants and scholarships don't cover the full cost, so they need to turn to student loans in order to pay for college.
With the economic forecast remaining grim and no increase in
grant and scholarship funding on the horizon, educational loans will have to take up much of the slack.
Before making your decision, be sure to try to maximize the
free grants and scholarships first, and then look to the lowest - cost loan options.
You may be surprised to discover how
many grants and scholarships are available - so even if you think you're not financially worthy, it's worth looking before you try borrowing money.
Although
grants and scholarships share similar characteristics, grants are usually based on financial need, whereas scholarships are based on merit.
One of the suggestions for school districts who require expensive new equipment, but struggle to find the funds, is to
pursue grants and scholarships to overcome budget restrictions.
It is important to note that deadlines for federal aids, private scholarships, university -
given grants and scholarships awarded by organizations vary.
She is free to use that money wherever she goes, but it is up to her to consider return on investment, affordability,
grants and scholarships etc..
The biggest difference between
college grants and scholarships is that grants for college are typically need - based, while scholarships may be need - based or merit - based.