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College Grants\xa0#68
\nWhat are college grants? And is college worth it if you are saddled in debt? You may go to college for only four years and yet have to pay for twenty! College can be for anyone and in this episode, we look at grants as a way to help pay for college tuition. Hold on to your seat and listen as Jean Burk shares her knowledge with you!
\nCollege GRANTS
\nCollege grants consist of the money you don't have to pay back. Gov. grant FAFSA - mistakes and how to sign up for it.
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\nSome colleges offer endowments - such as the Moody Bible Institute through federal and institutional grants. The education part is paid through grants. Keep in mind a big name or high pricetag school often offers more opportunity. Test scores help but income bracket also helps - Standford by definition says 144K is low income.
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\nFor example, law schools are ranked in the top\xa0six, top ten, top sixteen. You don't want to rule out a college because of money. Or it appears to be out of your reach, you never know.
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\nAre you a resident of a certain state? You may be surprised at what grants are offered some in the form of entitlements.
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\nFederal Pell Grant - not eligible until you fill out the FAFSA
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\nFederal supplemental\xa0(FFEOG)
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\nAcademic Competitiveness\xa0Grant ACG
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\nNational Smart Grant SMG
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\nCollege Grants -- TEACH Grant
\n\xa0 \xa0 \xa0 Cost-Containment Programs
\n\xa0 \xa0 \xa0 Tuition Equalization Grant\xa0 --Private school in-state tuition. College for all Texans, for example. If you meet the college costs and how much your family can pay. 2.5 GPA -- if tuition cost is more than the private school you can qualify for a tuition grant.
\n\xa0 \xa0 \xa0\xa0Reciprocity --
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\n \tSome states will provide reciprocity for other states. In-state tuition to a governing state. MSEP - Midwest Student Exchange Program. Non, resident (listen to the\xa0podcast for more information) go to a neighbor or nearby\xa0state can reduce the cost of tuition.
\n \tWestern undergrad exchange\xa0-- Arizona, Alaska ca Idaho, Hawaii - reduces instate tuition.
\n \tLook at the New England reciprocity program.
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\nOne of the best websites is the Sallie Mae website.
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\nFAFSA - stands for Free Application for Federal Student Aid. Maximize chances for getting the student aids. October 1 is the first day - and do it as early as possible or the money is gone! You must have this filled out first. LISTEN
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\nFederal Pell Grant - FPG - not eligible until you fill out the FAFSA - the most financial money. The undergrad who has not earned a professional degree yet. Start with FAFSA - every year must be filled out. Depends on the school year, student, max. award around 6K - Cost of attendance, whether the child is working in the school or not.
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\nFederal Pell Grant - Iraq or Afganansstan Service Grant - parent died under the military, eligible for additional money under the age of 24 and enrolled in college.
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\nFederal supplemental\xa0(FFEOG) federal supplemental opportunity grant -- low-income undergrad students who need a lot of help - 4K per year just depending on your personal situation. Most colleges participate in these grants. No additional funds are available once you get these funds. Check the college website or financial aid dept of your college for more information.
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\nAcademic Competitiveness\xa0Grant -- ACG\xa0 and the\xa0National Smart Grant SMG-Two programs that fall under improved math and science instruction. Take on more challenging courses in high school and helps your child become more successful in these areas. High demand in the global economy - technology or engineering. Available to students.