Tuition Grants

When researching tuition grants keep in mind that such funding does not only cover institutes of higher learning. Often, tuition grants are available for those who attend high school and private academies as well. Keep in mind, too, that tuition grants are financial assistance. As such, while these grants are not paid back, the student must demonstrate financial need in order receive one.

Tuition grants are available through federal and state governments, learning institutes, companies, and private academies. These grants cover the cost of admission, books, and room and board.

One of the most common tuition grants is the Federal Pell Grant Program. Pell grants are accepted by over 5,400 schools across the United States. They have assisted numerous individuals attend school who otherwise would not have the resources to do. These grants, however, do have stipulations and requirements attached one of the most important being: the student must show financial need. And, too, Federal Pell Grants are awarded to students who have not yet received their first bachelor’s degree unless they are enrolled in a post-baccalaureate teaching program. Grants amounts received by the student are highly dependent upon the expected family contribution (EFC), costs of the school the student hopes to attend, and whether or not the student will be attending a full academic year or less. The EFC is calculated by a formula developed by the Department of Education upon review of the Free Application for Federal Student Aid (FAFSA). These applications are available at the Department of Education’s website.

Like the federal government, states offer tuition grants. Most states require that a student first complete the FAFSA. This form determines how much aid can be awarded: remember grant amounts are determined by financial need and family contribution. Anyone interested in tuition grants should access the information through a state’s Department of Education. Grant awards vary depending on need, and many states require residency status in order to receive tuition grants. Overwhelmingly, states require a minimum grade point average, so it is very important to review all the rules and regulations attached to these grants.

Companies, too, provide tuition grants. These grants, however, are most often awarded to employees and their children. However, they are important sources of aid as many can defray part of the cost of a higher education: a cost that continues to escalate every year! Many companies offer scholarships to their employees’ children. Again, excellent sources of aid, and are awarded based on academic excellence, financial need, and leadership potential.

Some high schools provide tuition grants for students who plan to attend college. Staples High School in West port, CT is one such school. The Staples Tuition Grants are funded through the Staples High School Tuition Grants Committee, Inc., a non-profit organization. The committee writes, “Staples Tuition Grant recipients run the gamut from varsity athletes to Merit Scholars to those with special needs.”

What to remember about tuition grants? They are obtainable as long as the student meets the criteria. Research, though, is the key.

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