Few scholarships may require you to be proficient in your studies; hence you generate good grades in school. Your intelligence or athletic performance keeps your scholarship, as you have reached a level that the school requires from you. You enjoy this privilege because you are brilliant and talented. And few of the scholarships may even be sponsored by selected private organizations.
The Federal grant application for students works differently. These types of school grants are based on the financial need of the family to send their children to school. So you must belong to a low or moderate income family, who cannot afford to pay the education your child needs. What makes this good is you have no need to repay back the amount as it is given to you absolutely free. However to qualify, you have to fill out a FAFSA.
Many parents and students will be happy to receive the free government grants. This is a good option rather than loans, though there are those offered at low interests. And as this is free grant money, the student can now have funds to pay for his tuition and fees, board and lodging, books and other expenses. He can have a fruitful school year without worrying about any fees. He just has to make the most while the college grant is ongoing.
A student must remember that government grants will not really cover the entire educational expenses. As included in the FAFSA, the expected family contribution (EFC) is required to determine how much one can get as government grants. The FAFSA result will usually come weeks later and will determine if the application has been approved. The Department of Education is responsible for the evaluation. Students studying in community colleges where tuition fees are lower will likely get higher amounts for tuition and fees. They must also remember that Federal grant application for students is first come first serve basis; hence it is best to apply earlier than the deadline.
The family should only have limited funds to afford the student’s education. If the parent or guardian claims the student as a dependant in his income tax returns, this will have an effect to the amount of aid given to the student. But if the student works independently from his parents as far as tax laws are concerned, he will likely receive more government grant amounts. Usually, first year students do not qualify these school grants. But as they move to the next college level, their chance of approval are higher.
Types of grants given by the Federal government are the Pell Grant, supplemental education grant, and the state based grants. When searching for the right school grant, ensure that you have obtained all relevant information including criteria to qualify. You might also prepare all relevant documents such as your high school diploma or GED, tax records, bank statements, social security number, driver’s license and more. This will prepare you should you want to accomplish the FAFSA.