Grants for Latinos and Latinas
The number of Latino college students in the United States is on the rise. For example, a U.S. Census Bureau reports that the number of Latino college students jumped by 447,000 between 2011 and 2012. Unfortunately, many of these students seem to know little about available programs that could help them to pay for college. For example, a 2010 study found that only 44 percent of Latino parents knew about Federal Pell Grants. It’s likely that far fewer knew about the other types of grants that could help their students to pay for college.
- They can take out loans, which they’ll eventually be asked to pay back.
- They can tap into robust savings accounts, but only if they’ve been saving up for college for many years and have quite a nest egg to dip into.
- They can pick up a part-time job, and fund their education through work.
- They can apply for grants, which provide them with money they don’t have to pay back.
Of all of the options available, grants are the most appealing. After all, a student that gets a grant isn’t required to take time away from his/her studies in order to earn money for school, and that grant money doesn’t come with a promise of repayment. This could keep students on a firm financial footing when they leave college behind.
Typically, a grant is based on a variety of factors, including a student’s financial status, the cost of the school in question and the enrollment status of the student. Those who have very little money, a high tuition bill and a full-time status, for example, might find it quite easy to get a grant.
Federal grants, including the Pell Grant, are designed to help any student in need of assistance with college costs, and applying for those grants is as easy as filling out a Free Application for Federal Student Aid (FAFSA). But Latino students who don’t obtain a Pell Grant may have other options open to them that can help to cover a hefty college bill.
There are a number of grants that are specifically designed to assist Latino students with their schooling costs. Some of these grants were developed by private donors who hoped to level the playing field for students in need who wanted to go to college. Other grants originated with state legislators who wanted to assist their constituents with the cost of college.
Some high school counselors are aware of the grants available to students, and they can quickly provide all of the paperwork a student might need in order to get the process started. But those students who don’t work with such informed counselors also have some options available. These students can use our tools to help them pay for school.