Where do education grants come from? Each university has their own funding set aside to provide financially strapped students with the funds needed to attend college. The money for this funding often comes from private organizations, large corporations, and wealthy individuals in the form of educational grants. These grants can also be funded by the federal government. They are also sometimes referred to as endowments. Every college student knows the importance of obtaining scholarships and grants in order to make attending college more affordable.
In order to apply for an educational grant, you will need to fill out your FAFSA (Free Application for Federal Student Aid). Additionally, the university you have chosen to attend may require you to fill out their own personal Student Aid Report. From these two documents, your university and the U.S. Department of Education will determine your eligibility for education grants or scholarships. From the information you provide on your FAFSA report, the Department of Education figures out what your family’s expected financial contribution will be towards your college expenses. This determines the amount of money you will receive in the form of your educational grant.
The other form of educational grants available to college students are merit based grants. These are given to high school and college students in recognition of their academic, athletic, and artistic achievements. Such awards may also be given to students in recognition of their extracurricular activities or community service. Some merit based grants are dependent upon your personal characteristics. A minority scholarship would be the most common example of one of these scholarships. However, a student can also receive a scholarship for offbeat characteristics, such as being left handed.
There are many websites and personalized search engines to aid you in your search for the appropriate education grants or scholarships. As you continue to comb through scholarship databases, it is important to be certain that you meet the eligibility criteria before you apply for a scholarship. It would be a shame to put forth the effort of writing a college essay and filling out the paperwork for a scholarship only to be disqualified because you did not carefully read the eligibility requirements. Because educational grant money tends to be dispersed rather quickly, the earlier you begin your search and apply, the better chances you have of successfully acquiring your desired education grant.