Over the past years, a lot of students had been given great opportunities from the government. Subsequently, the government continuously provides funds for the Education Department to make sure that everyone can have a brighter future. Each year, millions of funds are allocated specifically for Department of Education to be utilized on their various projects to make every citizen in United States literate who knows how to read, write, count and speak fluently. Government grants are government’s programs which aim to assist thousands of students annually who can’t afford to finance the expenses of their education. Lack of financial resources is the main hindrance why a lot of individuals fail to complete their education up to college. But there’s no need to get worried about for there are so many opportunities that each student can grab for their education. Over $400 millions of dollars had been provided in 2010 to aid universities and colleges extend the financial assistance for students who belong to a low-earning household and wanted to continue their studies. Funds are also allocated for universities so that they can make necessary changes on the education system within their school to meet the needs of evolving and developing education at present. Most of the well-known grant program for education is the Federal Pell Grant. Those students who lack financial support can take advantage this educational grant because it can certainly aid them to finance their education. There are colleges and universities who offer award funds for student and they directly provide these funds for students so that they can continue their education.There have been several changes that happened over the past years.
The educational grants funding 2011 made some revisions to make sure that everyone will get the best opportunity for their education. With Federal Pell grant, the award year 2011-2012, the amount that each student may receive is a maximum of $5,500. But due to economic depletion over the past years, it seems that the funds allocated from 2008 up to 2010 is not enough to support the great necessity of increasing population of students who needs financial assistance. There has been an intense effect due to economic recession that leads to a proposal to the decrease of financial support from $5,500 down to $4,705 annually. But as of 6th of April, 2006, this proposal has not been approved.
The maximum award funds for each qualified student for Federal Pell grant remains $5,500 annually. This is for the academic years 2010-2011 up to 2011-2012. But most of the time, students won’t be able to get the maximum amount. It will still depend on their EFC or Estimated Family Costs annually. Some bases for the distribution of funds will also be based on the student’s status (either he or she will take the course as part time or full time) as well as the course the he or she would opt to take. Make sure that the university or college where you decided to study at is included among the accredited schools that provide funds for student’s education. If your application for this educational program gets approved, you can choose among the various options on how you will receive the award funds. It can be through checks, directly to your bank account (if you have), or partial /full amount of your tuition fee will be paid directly to your school.
As long as you were able to complete your GED or secondary level, you can certainly apply for this type of government grants. If you belong to a low earning household or do have academic excellence, you must take this opportunity because there are only few slots allocated each year. Research more for the best financial assistance for your education for you to have better opportunities in near future.