Grants for college are sums of money given to students to help pay for school that do not need to be paid back. These grants come from a select few locations and are given for certain reasons. Any student currently going to college can benefit from researching which grants can apply to them. Grants for college can come from the federal government, your local state government, your college, or a private or non-profit institution. Being how they don’t need to be paid back, it is well worth it for a college student to check how much grants they can possibly receive. Here are some grants that can be awarded to students to help pay for college.
Grants for College
The Pell Grant is a commonly bestowed grant given directly by the federal government. The Pell Grant can be up to $5,920 and is given to any student whose family earns money within eligible limits. The goal of the Pell Grant was to provide students with lower family income an ability to pay for college without having to worry about repaying loans. All of the awarded money is ether given to the student’s college or directly bestowed to the student. This grant can be used for housing, food, transportation, books, or any other fee that the student may encounter while going to college. To apply for the Pell Grant you must fill out the information in the FAFSA(Free application for student aid). This application can be made in person by going to your college and filling out the information there, or it can be done completely online at the FAFSA.gov website. There are deadlines to apply so being on time is very important if a student wants to receive the grant.
Another federal grant is the Federal Supplemental Educational Opportunity Grants(FSEOG). This grant is for the students who need the absolute most student aid. The award for FSEOG will be between $100 and $4000 per year. Students who receive a Pell Grant will typically be given priority when applying for the FSEOG. There are some major differences between the Pell Grant and the FSEOG. The Pell Grant is awarded to every single eligible student. The FSEOG is awarded only to certain colleges that give out the grant, and then it is given out on a first-come-first-serve basis. The way the funding for this grant works is participating colleges are given money for students who are eligible for the award, and the school awards the money to applying students until the money is all distributed. The funds are distributed at least twice per academic year. To obtain the grant you must be enrolled for an undergraduate program but not have a bachelors degree.
The Academic Competitiveness Grant is given to students in their first or second year in college and have completed rigorous school programs in high school. To be eligible, the student also has to be receiving the Pell Grant as well. This grant is more difficult to be awarded and is also more humble. The student can receive $750 in their first school year and $1300 in their second school year. Another requirement is that the student must hold a GPA of at least 3.0. Also the applying student must be a U.S citizen.
Not all grants for college come from the government, some come from private or nonprofit institutions. Here are a few grants for Hispanic students.
The Hispanic College Fund (HCF) awards nearly 2 million dollars a year to over 600 Hispanic students.
Sodexho awards eighteen $5,000 grants to Hispanic students that need assistance.
The Sallie Mae First in my Family program awards $500-$5000 to students who are the first in their family to go to college. The program in full awards $500,000 annually to Hispanic families.
The Association of Latino Professionals in Finance and Accounting awards up to $150,000 a year to Hispanic students with a 3.0 GPA or higher majoring in finance, accounting or a related field. The amount awarded per student is $1,250 to $10,000 per year.
The Kaiser Permanente College to Caring Program provides six Hispanic nursing students in their junior or senior year with an annual $8,000 grant. Grantees also receive a $2,000 stipend toward a work-study program in a Kaiser Permanente in California.
The Hilton Family Diversity Program awards ten renewable $2,500 grants to Hispanic attending any four-year college or university within the United States.
The Lockheed Martin program awards $500-$5000 to Hispanic students majoring in business administration, science, or engineering.
The Los Padres Foundation awards $5,000 annually two outstanding Latino students pursuing a graduate degree.
Grants all have some form of prerequisite to be eligible. The following are grant opportunities for African-American students.
The Development Fund for Black students in Science and Technology is a nonprofit organization wishing to remove the financial barriers to school among African American students. This organization offers an $2,000 annual grant to eligible students.
The National Black Nurses Association provides grants to African-Americans in Nursing programs with at least one year left of schooling. The award ranges from $500-$2000
The American Institute of Certified Public Accountants(AICPA) provides grants for minorities including African Americans. The grant is awarded to students in ether graduate or undergraduate programs for finance or accounting. The award bestowed upon the student is based on financial need but can range from $1,500 – $5,000
Grants for College can help any student who is in need of finance to go to school. There are many options to choose from when it comes to looking for this finance. There is the Pell Grant which can provide up to $5,920 to students in need of financial support. There is also the FSEOG grant which can help students who need financial assistance with up to $4,000. For graduating high school seniors who finished rigorous school programs there is also the Academic Competitiveness Grant . There are also many grants given to minority students. So if you are looking for Grants for College, seek out for them and you will likely find one that can help you with your finances.