Applying to college can be a daunting task, especially when you factor in the cost. But don’t let the price tag deter you! There are plenty of ways to finance your education, including grants.
Grants are need-based scholarships that do not have to be repaid and are typically awarded by the federal government, your state government, or your college. If you’re looking for grants to help fund your online education, read on for a list of the best options.
Pell Grants
Pell Grants are awarded by the federal government and are typically reserved for students with demonstrated financial need. If you’re attending an eligible institution (including most accredited two- and four-year colleges as well as certain vocational and trade schools), you may be able to receive a Pell Grant.
To apply for a Pell Grant, fill out the Free Application for Federal Student Aid (FAFSA). You will then be evaluated based on your expected family contribution (EFC). Your EFC is a measure of your family’s financial strength and is used to determine your eligibility for federal student aid.
If you qualify for a Pell Grant, the amount you receive will depend on factors like your EFC, enrollment status (full-time or part-time), and whether you attend school for a full academic year or less. Pell Grants can range from $649 to $6,195 per year.
Federal Supplemental Educational Opportunity Grants (FSEOG)
Like Pell Grants, FSEOGs are need-based awards that don’t have to be repaid. However, these grants are awarded by individual schools rather than the federal government. To be eligible for an FSEOG, you must first apply for and receive a Pell Grant. Once you’ve done that, your school will determine whether you qualify for an FSEOG based on financial need.
If you’re eligible, you can receive anywhere from $100 to $4,000 per academic year, depending on when you apply and how much money your school has available to award.
Conclusion:
As you can see, there are plenty of options available if you’re looking for grants to help finance your online education. So don’t let the cost of college deter you from pursuing your degree! With a little bit of research, you may be able to find the perfect grant to help fund your studies.
