Find Financial Aid For College!


It’s well known that furthering one’s education past high school, whether through an on campus or online college is an expensive affair. It involves an incredible investment of both time and – especially these days – money. No average American can consider matriculation without some sort of financial package, as well as the necessary grades. Also, with the cost of college tuition rising faster than the national rate of inflation, even the well off are now planning assistance along with what school they enroll in. All these factors make obtaining an accredited degree online even more attractive.

Even those attending college might not have a really clear idea of the differences in financial aid. There are very delineated ideas behind a scholarship and a grant, a loan or going through a work-study program. A good place to start is a school’s financial aid officer. It’s their job to help prospective students get as much aid as possible. Successful ones keep up on all the latest information and changes and this helps the student gain the best financial assistance. If you need more information about degree programs online, look on the internet.  

Still, knowing the basics never hurts. It will help a student target what he or she can/should aim for and as such the prospective student should do some exploring and research on their own. Here is some basic information about the different types of aid:

(1) Scholarships and Fellowships – The first and best know are scholarships and fellowships. They are bestowed due to intellectual or personal merit, as they can be given out for good citizenship (aka leadership awards) as well as good grades. Scholarships are for undergraduates. Fellowships are for post-grads. These days it’s nearly impossible not to find one organization or another that doesn’t have one, if not more, out there. After being awarded one, the only thing a student usually only has to do is keep their nose clean and maintain a pre-determined grade point average.

(2) Grants – Mainly are handed out due to financial need, although grades are a consideration. They require students and/or their parent(s) to fill out a FASFA form. This details income, expenses and any other important details. Better known grants include the Federal Pell Grant, the SEOG and the state of Georgia’s Hope Grant. Again, a student doesn’t have to pay the grant back.

(3) Loans – Loans are the most common form of assistance. Half the students in college usually take a loan in one way or another. They are also based on need. Recently President Obama has pushed through some new initiatives that should considerably lower the interest rates these loans charge. After all, as they are loans a student or his/her parents are expected to pay this back. Under Obama’s new plans, the student won’t be mortgaging their after school life in order to have a better-earning future. There is an abundance of information about best online degree on the web.

(4) Work-Study Programs – The Federal Work Study program is probably the best known. It helps students earn financial funding through a part-time work program. The funds can be used at one of approximately 3,400 institutions across the country. Also, major corporations such as McDonalds offer work-study programs for their employees, with beneficiaries getting as much as $10,000 a year – plus their salaries – if awarded.

An online accredited degree allows a student to keep up with life responsibilities, while advancing their education. Determining which government grants you qualify for is a way to finance your future.

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