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Types of Scholarships and Grants
Scholarships and grants are
the best kind of financial aid because in almost all cases you do not
have to repay the money you receive.
An all inclusive list of scholarships and grants is provided below. Note
that the most significant scholarships and grants are campus-based
(come directly from the colleges and universities themselves).
Campus-based scholarships and grants (from the colleges and universities
themselves). These awards vary from $100 per year to full-ride
scholarships and grants. These include Need-based, Merit-based,
athletic, and specific attribute scholarships.
Private scholarships (from national organizations, local organizations
(such as Rotary Club), private foundations, parents’ employers,
individuals, religious groups, professional organizations, or companies). These
vary from approximately $100 up to several thousands of dollars per
year and include Need-based, Merit-based, and specific attribute scholarships.
Federal Grants: These are strictly Need-based awards and include
Pell Grants, FSEOG grants and Academic Competitive Grants (AC Grants). Pell
Grant awards range from $400-$4,310 per year and all eligible students
will receive the amount they qualify for. Pell Grants are reserved
for the neediest students. FSEOG Grant awards range from $100-$4,000
per year and are designated for students with exceptional financial
need. FSEOG Grants are administered by the colleges themselves
and depend on available college funding; priority for FSEOG grants
is given to Pell Grant recipients. AC Grants provide up to $750
for the first year of undergraduate study and up to $1,300 for the
second year of undergraduate study to full-time students who are eligible
for a Federal Pell Grant and who successfully completed a rigorous
high school program.
State Scholarships and Grants. These awards vary from a few
$100 to more than $10,000 per year and primarily include Need-based
awards.
NOTE: You should continue to search for scholarships during
the entire school year (scholarship announcements are made year-round). For
national
scholarships
use online search
engines,
for local and regional scholarships look for announcements in your
high school bulletin or talk with your high school counselor. |
