Info on Scholarship Resources, Financial Aid, and Grants

It is without a doubt that college tuition and other related expenses are continuously on the rise. For many students and parents, it is becoming increasingly difficult for families to afford all of the costs associated with getting a top-notch college education. Nonetheless, there are a variety of options that students and families can use in order to afford school. Whether its scholarships, financial aid or student loans, here is a comprehensive overview of different ways parents and students can get financial assistance.


Getting a scholarship or fellowship is perhaps the most common method that students can use to help pay for school. Usually these financial awards are based on merit such as academics. However, there are many scholarships and fellowships available for those who are ethnic minorities, women, religious minorities and other groups of individuals who generally have had to face mounting barriers to receive an education. There are also a variety of fellowships available to those who plan on entering a in-demand career such as education or engineering. Thankfully now we have plenty of resources to find information on a wide range of opportunities based on your unique set of circumstances. There are many on-line resources that will give students and parents the ability search different education-based financial awards to help pay for college.


Grants are second most common form of tuition and expense financing. Grants are usually offered by both state and federal governments to those who can demonstrate some sort of limited income or financial hardship. The most common education grant given to students is the Pell Grant, however, recent law changes have made it more and more difficult for students to get this grant. Other that are available are the TEACH Grant which is given to those interested in pursuing a degree in education and plan on teaching in a high-needs community such as an inner-city or rural neighborhood. Students should talk with a financial aid counselor to explore different education grant opportunities.

Student Loans

Student loans are often a last resort for many students. Education loans come in two different forms: private and government-subsidized. Many private banks offer parents the option to finance their children’s education costs through private loans. The interest rates typically are higher and the repayment options after graduation tend to be not as lenient compared to government-subsidized loans. Federal government-subsidized loans typically have lower interest rates, generous repayment plans and students have the ability to have their debt wiped out after ten years if they pursue a career in public service.

Other forms of financial aid

There are other forms of financial aid that students and parents can consider. The first option is looking into work-study programs offered by various universities. In exchange for lowered tuition rants and housing assistance, many universities will require students to work in an university office for a certain amount of hours per week. Students also are required to keep up a certain GPA in order to remain in good standing with their work-study program.

There is no need to worry about being burned with the rising school costs. It’s just a matter of doing your research and exploring different options when it comes to being able to afford expenses. The internet is filled with a plethora of resources, just do careful planning and do not wait until the last minute to start exploring different options. Many awards and programs have deadlines that are anywhere between six months to a year out. Parents should start looking for different awards while their children are enrolled in the latter half of their sophomore year in high school.

Helping Make Financial Dreams A Reality!

Have you planned Financially for College?

Your child’s college tuition could be one of the largest expenditures you ever make. And, if you have more than one child, the financial commitment is even greater. The financial challenge you face is shared by millions of others. Fortunately, American families with a desire to save for future college expenses now have more options than ever before. Traditional investment options-savings accounts, taxable investment accounts, annuities, and U.S. Savings Bonds-are now joined by more recent investment vehicles including Section 529 college savings programs and education savings accounts. New investment programs bring new opportunities, but they may make decisions more difficult for people who want the best education possible for the children in their lives.

Financial Stud offers the “College Money Bag Program” where we will help you gain a basic understanding of your options so that you can maximize the return on every dollar you set aside for a child’s future. We also cover extensively the ever increasingly popular -529 plan,- the most Cutting-Edge college savings and investment vehicles.Remember, even if your goal seems overwhelming now, the proper planning and saving can put the cost of any college within your reach.

Act NOW For Money For College! Scholarships, grants, work for college programs and internships that pay for schooling are classified as the best sources because they are not loans and there is no payback. Because when it concerns the best sources, money is limited and dispersed on a first come first serve type of basis.Be wise and start finding information about available scholarship programs and grants while there is no rush. It is actually best to rack various scholarships for high school students. Know what’s out there and be ready to get your applications in early. And of course, since you’ve done your homework qualifying won’t be a problem.

Financial Aid is funds/money provided to students and the family to help them pay for the student’s education. Financial aid comes from a variety of sources, such as:

Federal and State Governments Private Agencies Colleges Associations Civic groups Corporations and Other Companies Charitable organizations Churches Corporations Philanthropists Family Funds What Types of Financial Aid Are Available? There are Five basic forms of financial aid provided by financial aid sources:

Family funding – these are funds provided by the family of the student. Scholarships – financial aid that does not have to be repaid. Grants – financial aid that does not have to be repaid. Federal Student Loans – funds back by the federal government that students or parents borrow that must be repaid with interest. Work study – students work and earn wages to help pay for school. The jobs are usually arranged by the schools and can be on or off campus jobs. Private Student Loans – funds not backed by the federal government that students or parents borrow that must be repaid with interest.-

Are There Any Alternative Forms of Financial Aid?

Yes there are! We discuss these little known alternative methods in our -College Money Bag Program”. There are so many ways to fund your educational dreams and the Financial Stud will show you avenues you probably never thought of.

It depends on the financial aid source. For federal financial aid and most other sources, it starts with completing an application for admission to the school(s) of your choice and then applying for the federal financial aid programs by completing the FAFSA. The FAFSA is available online Worksheets may be obtained from your local high school guidance office, college, or the FAFSA web site. If you do not have access to a computer, computers are available at most campuses.

Complete the FAFSA as soon as possible after January 1 of each year. There may be delays if you wait. For instance, those who apply by March 15 are more likely to be awarded campus-based aid. Those who apply after March 15 will be considered only if funds are still available.

Since you need information from your tax return from the previous year, you’ll want to file your taxes early. Once you have completed your taxes, complete the FAFSA Worksheet, then complete the FAFSA online and submit it. When you do not have pin numbers, be sure to print the signature page, sign it, and mail immediately to the address found on the bottom of the page. If the application is not signed, it will not be processed.

After you complete The FAFSA Application…you will receive a confirmation by e-mail. If not you will receive it by mail. At the same time each school listed on the FAFSA will be sent a copy of your report.

Call the Federal processor at 1-800-433-3243 if you do not receive a copy of the report. Review your report carefully to make sure there are no mistakes. If you find an error, your school can help you with the correction or you may send it back to the processor yourself or go online and make corrections.

I hope this article helps in your discovery to filling your College Money Bag with Smart Cash. If you want to get more specific information on how to Get Money for College, you may want to look into the College Money Bag Program.