The highest paying education grants are available for new and current students now. College education prices are increasing each year. Even vocational and technical education institutions have raised tuition prices. Most students need some amount of financial assistance to afford the education they want and deserve.
Student loans are helpful but monies received require repayment at some point. Most EDU grants do not require repayment, provided funds are used for their intended purpose. Continue reading to learn about the five EDU grants offering the most money to students today.
Paying the entire cost of modern college tuition with cash is not a common occurrence. The price of tuition is rising every year to cover the additional expenses of maintaining both on-campus and online curriculums. If you choose to live on-campus or even near campus you likely have room and board expenses to pay as well.
Books, education-based supplies and food are also expensive for many students to pay for, especially on top of tuition costs. Most students turn to financial aid sources such as student loans, scholarships and education grants.
Student loans are convenient and offered to qualified candidates across the country. While student loans are eventually required to be paid back, however, EDU grants are generally not. This makes obtaining EDU grant money a highly competitive process, albeit one with numerous additional benefits if you become a recipient. Student loans and EDU grants have some similarities, however. Both have similar eligibility requirements.
Qualifying for financial aid generally requires each student to meet certain income-based criteria and verify his or her financial need. Some qualification requirements are state-based and only eligible to students who live in certain states or regions and attend specific institutions. Many grant programs have several stricter eligibility requirements than student loan programs, however.
Essentially, EDU grant money is free and awarded recipients must therefore meet and follow additional standards and guidelines respectively.
EDU grant money is typically usable at both state universities and private colleges. Awarded funds are also usable at facilities such as technical schools and community colleges all the way to Ivy-League institutions. Most federally funded grant programs are obtainable by completing the Free Application for Federal Student Aid (FAFSA) form. Once this form is submitted you will be presented with available grants and other financial aid and funding options.
Completing the FAFSA form also helps determine your eligibility for EDU grants such as the Federal Pell Grant and additional options such as:
- Federally subsidized student loans.
- Unsubsidized federal student loans.
- Work-study programs.
- State-based financial aid.
- Institution-specific financial aid.
- Various types of scholarships.