May 14, 2010
Financial Aid | Learn The Available Grants For Your College Educational Financial Aid
As everyone knows, bills will just keep coming. It doesn’t matter if you’re a college student or not. Even if students hold down jobs and attend degree programs online, that won’t stop the landlord from knocking on the door. And even if the federal government does offer financial aid such as the Pell Grant, that’s not enough. This is one of the leading reasons why most students drop out of their curriculum in their first two years.
Don’t think the government isn’t aware. As it happens, the Board of Education has developed a supplemental grant for those with extreme needs. One of these programs was launched in 2006. The Academic Competitive Grant (ACG) can provide a freshman up to $750 in addition to the Pell. A sophomore can get even more, up to $1,300. For third year or higher students, there is a different program, called SMART.
This grant does come with some provisos. For starters, a candidate must fill out a FASFA form and apply for the Pell. From there, the Board of Education decides if the applicant is entitled to the ACG. If so, it will send out an additional questionnaire that must be filled out.
Entitlement isn’t totally automatic either. For starters, the student must either be a U.S. citizen or a permanent resident. One must also take a minimum of a half-semester’s worth of courses per semester. While the money is supplemental to the Pell Grant, the total sum awarded for both can not exceed the cost of attendance.
A candidate must also have attended a recognized secondary school program. The rules have been modified in 2009 to allow for home schooling, but there are two provisos there. The first is, whatever the program, it has to be recognized by the state the student lives in. Also, the program of high school study must meet a federal standard for “rigorousness”, i.e., certain academic basics had to have been taught and met.
If that isn’t enough, the student must also be planning to further his/her education in a set number of fields. Truth be told, the number of possible degrees available to a student is pretty broad. It just denies kids who think they can get a degree in what could be called the academic equivalent of basket weaving. For a full list of what is accepted, the best thing to do is go to the Board of Education’s website and do a little research.
There is one extra proviso for students applying for a second year of ACG money. They must have maintained a 3.0 average (out of a 4.0) in their freshmen year, or whatever the college’s equivalent of a 3.0 is. The college also must be accredited, but as far as the ACG is concerned, the school can be either on campus or online.
The important point is that for on campus and degree programs online there is supplemental money out there for those who need it. Another good source for money for college is the financial aid adviser of your preferred school. For even more info, go to the ACG’s website.
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5 Comments on Financial Aid | Learn The Available Grants For Your College Educational Financial Aid »
April 29, 2011
donedeal @ 11:52 am:
Google "Work-Study" and "Apprenticeship Programs" or go here
and look at the bottom of Best Answer for some really good urls.
Many of these or urls for them have already been listed in Yahoo Answers, I did a good one listed above.
If you are poor or lower middle class economically, student loans are something to stay away from insofar as possible. Be realistic, you will have to make your own way. No one is going to give you a posh job, it will go to someone else with connections, even if they are stupid. Gals can get some good jobs if they are good looking, but be careful — those who are not end up in some industry they wish they weren't or worse.
Always ask the advice of women in their late 30's, early 40's who have a career you like. Free advice for those humble and wise enough to ask can save one from some terrible pitfalls or pratfalls.
*If you ask this question again, specify your interests and home state for better info from those who may be able to help.
If you do not mention those, we don't know whether to mention the Coast Guard, we might leave out the perfect paid apprenticeship or free schooling program like I am probably doing now.
Many states are begging for nurses so there is big financial aid in that area.
Recommendation: Pick something you like and work your butt off per the above, seeking some advice from time to time. Step by step one goes a long way, even to the Center of All Reality one day in the distant future.
June 23, 2011
Kaitlin @ 2:28 pm:
I am sorry to hear about your financial aid struggles, I totally know what you are dealing with as that is what my education has been entirely funded on.
I am not sure if this is an option, but have you thought about deferring for a semester until the fall? This way you would be eligible for other financial aid opportunities and you would have more time to apply for scholarships and grants. I am not sure how financial aid works at Georgetown, but I am over at Johns Hopkins and they were willing to let me defer for a semester so I would be eligible for more financial aid from the school and government.
I know that's not the best option, but if it is possible to do, it may open more financial aid opportunities.
Good Luck and I hope it all works out for you!
July 3, 2011
Rick Nurdamor @ 4:15 pm:
Investigate financial assistance There are many sources of financial aid for students at Indiana State, including scholarships, loans, and work study programs.
Filename : MIS.pdf
Fullpath : /business/brochures/MIS.pdf
Publisher : indstate.edu
Found at Saturday, 2 Jul 2011 GMT
Further searches : business brochures mis pdf or management information systems or site:indstate.edu
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July 22, 2011
Jake A @ 2:09 pm:
yes that is what it means. However, deferred means put off, not canceled. If for some reason your Financial aid is revoked or canceled, then you will be required to pay those fees again. But as long as you didn't lie on your financial aid application or something like that then you should be fine.
October 21, 2011
runwithme. @ 12:06 pm:
No. Financial aid is based on both your expected contribution (related to your income and savings) and estimated cost. If you're going to an inexpensive college, a summer job will probably cover most of the cost of attendance, so you won't qualify for much. But if the tuition is tens of thousands of dollars and you only earn a couple thousand, it won't make much of a difference.
And no matter what, as long as you complete the FAFSA you'll get unsubsidized loans. But I've had summer jobs and still qualified for subsidized loans.