April 12, 2010
Financial Aid | Understanding The Types Of Financial Aid For College – Scholarship Options
Tuition for a four year institution has increased over the last five years. Even state colleges and universities in many areas have had to increase their price due to a weakening economy and budget issues. Luckily, the private and federal aid system is still in place! You can apply for various types of financial aid that will help you pay for college. Sometimes you can get all of your tuition paid, as well as some of your expenses like books, transportation, and food.
There are two basic classifications for scholarships; they are leadership and academic scholarships. Academic scholarships are awarded by the institution, while some leadership scholarships are awarded by not only the school but by corporate and private sponsors as well. An example of leadership scholarships is from Pepsi; they have scholarships called the Tropicana and Gatorade Quality, the Quaker, and the Trust and Growth Scholarship Program. To be eligible, some require you to attend certain schools, like Howard University, Virginia Tech, and Penn State University.
The Pepsi grant is for $10,000 and is renewable. Not only do you have to attend a certain school, you are also required to have completed at least 45 units. You must have at least a 3.25 grade point average, with a record of leadership and community service. Volunteer work would also be a great example of this. The award from Pepsi is one of many corporate grants out there. American Rhodes Scholars, Dell Scholars Program, and Bank of America Student Leaders are some of the other popular scholarships. For many of the aid awards you have to be in your sophomore, junior or senior year of college. It is important that you read the eligibility prerequisites carefully and make sure that you meet them all. You don’t want to waste time filling out the application and essay only to find out that you are not eligible for some reason.
Academic scholarships are usually provided by the college you are attending. These grants require that you have a minimum grade point average and they are all different. Make sure that you request the college’s scholarship early if you are interested in applying. Double and triple check everything on the application to make sure you fill it out correctly.
There are federal and state grants that can aid students who are at lower income levels and can be easily applied for at your college aid department. However, you may have to really do a lot of research to find some scholarships that apply to you. There are many scholarships out there, so if you know that you possess a grade average of 3.25, and to be eligible you must have a 3.5 or better, chances are you may not be awarded that scholarship. There are different types of financial aid for everyone; you just have to have the patience to look.
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Stop by and read about Scholarships for Single Mothers and learn more about health, social work programs and Social Work Scholarships.
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9 Comments on Financial Aid | Understanding The Types Of Financial Aid For College – Scholarship Options »
May 6, 2011
Shara @ 10:30 pm:
Nope, it means you're still in the running. congrats!
May 19, 2011
Metafilter @ 11:29 am:
Russia has agreed on the technical aspects of financial aid for Belarus and may make an official announcement tomorrow, central bank Deputy Chairman Sergei Shvetsov said.
May 28, 2011
Seth @ 9:14 pm:
I'll second everything Katrina said, and say that, right now, at least:
You can get Lewis & Clark Workstudy if you ask
They intimated that they will not do this for everyone/forever, but if you make an appointment with a Financial Aid counselor you can ask them to give you Lewis & Clark Workstudy, and they seemed very willing to do it for me.
Also of note, I've heard that simply asking for things (like lower interest rates on loans, better financial aid) actually works occasionally. Can't dis free money, right?
May 30, 2011
ryu77 @ 4:44 am:
Money for College Through Army and Navy ROTC Scholarships
June 1, 2011
Kaitlin @ 10:42 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 16, 2011
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July 28, 2011
Brad Greydon @ 2:08 pm:
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August 20, 2011
donedeal @ 8:04 pm:
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.
September 12, 2011
Lisa C @ 10:13 am:
You should just go ahead and become a degree-seeking student. You can always leave before finishing your degree. Go ahead and declare yourself on the path to earn an associate's otherwise you won't get financial aid.