Online College Grants

woman on computerMany students are willing to sign up for huge amounts of debt in order to obtain a top-rate education. For example, a study quoted by Fox News World suggests that Hispanic students graduate with more than $22,000 in debt. That’s a huge bill, considering that many of these students are entering soft job markets with high competition and low pay.

Thankfully, there are options available that could help students to pay for college without adding onto their debt. Grants, for example, may help students to pay for school, and many of these grants can be found through a quick online search.

Popularity of Grants

As the price of tuition has risen, so has the popularity of grant programs. For example, the National Center for Education Statistics suggests that 73 percent of first-time students attending 4-year, for-profit institutions had federal Pell Grants that helped them to pay for school in 2010-2011. During that same time period, 38 percent of students attending 4-year schools had state or local grants to help them cover their costs.

Grants are so appealing, in part, because they’re not based on merit or performance. Instead, they’re often based on simple need. Students who want to get grants must demonstrate that the school they’d like to attend comes with a price tag that they just can’t afford. They don’t need to demonstrate some sort of prowess, as they might be required to do in order to get a scholarship, and they don’t need to take part in any kind of activity or task. Once they can demonstrate the need, they’re eligible.

In addition, grants don’t require repayment. Students who qualify can tap into the funds and pay their bills accordingly, without worrying over whether or not they’ll be able to pay back those fees in the days that follow graduation. They can simply use the money as they see fit, and not worry about covering the bill in the future.

The Scholarship Center

Finding a Grant

Tapping into a federal Pell Grant is relatively easy. Students simply fill out a Free Application for Federal Student Aid (FAFSA), and if they meet a specific set of requirements, they’ll be provided with grant funds. But not all students who apply for a Pell Grant will get the money needed for school. Thankfully, there are other online grants that can help.

Sometimes, a simple online search can help students to find the grants they qualify for, and they might even find online instructions that allow them to apply without leaving the comfort of the home. However, it can sometimes be difficult to parse the technical language of a grant. For example, some grants are designed to work in concert with only one school, and some grants have expiration dates that come devastatingly close to a student’s graduation date. Working through all of that information can be a little tricky.

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