- September 2013
- Posted By JohnnyG
- 0 Comments
It’s pretty simple. What is a grant? Well it’s money you can get for free. This money can be used for just about any purpose, if you qualify for it. Now while there are all kinds of grants available, we are going to talk about grants for college. College students are always looking for ways to get money for a number of reasons. Most students rack up thousands of dollars each year, in tuition fees, student loans, books, etc. One top of this, they still have to live. They need to eat, find a place to stay and pay rent, and much more.
All of these expenses add up, and some of them don’t go away. For a bachelor’s degree in basic things like accounting for example, student loans will add up to $50,000, more if you decide to go for your master’s. Let’s take going to school to become a doctor, or something else in the medical profession. You could be in school for six years or more, depending on what you want to get into. While the idea of getting a job in this field is appealing for many reasons, you are going to accumulate hundreds of thousands of dollars in debt by the time you graduate. Most student loans don’t have to start being paid until graduation, but having that amount of debt by the time you graduate, before you’ve even landed a job can be horrifying.
By utilizing grants for college, a student can lessen this burden. You have to understand that a grant isn’t going to fully cover your college fees. You are still going to have to get some type of student loan to cover the bulk of your tuition, books and other fees. However, especially for students taking a bachelor’s degree, it can lessen the burden quite a bit. The nice part about these grants is that since you don’t have to pay them back, you don’t have additional debt hanging over your head when you graduate.
There are many different types of grants for college. One of these you may be familiar with, especially if you go to college. It is called the PELL grant, given to students by the government to help you pay for college. Just about anyone can qualify for this grant, and you can apply for it yearly. Then there is the academic grant. This grant is given for people who are doing exceptionally well in school. Let’s take that high school graduate who held a 4.0 grade average throughout high school. They could easily qualify for one of these grants. Another type of grant is the grant designed for students in need. There are several of these types of grants available. If you are impoverished, you may qualify. People with disabilities who want to go back to school will also qualify. In some instances, there are also grants to help people get into specific areas of study, such as the medical or educational fields. There are also many different grants for college through private foundations.
Now one of the problems with getting these grants is finding them. The government, while they do distribute grants, don’t just give you money. In many cases you have to apply through your college, or find them through other means. There are a number of different websites available to help you find your grant, but there are so many that finding the right one can be a little overwhelming. In many cases these websites are confusing, and while they do provide you with information, you still have to actually apply through other websites. It can be tedious and time consuming. One resource you can go to that can help you find the grants for college you’re looking for is www.egrantsforcollege.com. This site will explain some of these grants, with helpful links directing you to the different grants available. It is important to remember that many of these grants have deadlines, so applying early is important.