College Grants
Free College Grants: Fund Your Future
If you need money for college, then take heart. The federal government provides millions of dollars each year to college bound students, and you can get your share.
Free college grants are for students who want to go to college so in the future they can earn lots of money but they don't have lots of money to be able to go to college. Quite an irony! But that is basically the requirement to receive free college grants. Free college grants is a serious business in the U.S. U.S. department of Education provides more than $67 billion in loans, free college grants and campus-based aid every year to millions of students.
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And the good news is, the process is extremely streamlined. No matter what horror stories you have heard about applying for government grants, it isn't the case with college grants. Fill out the FAFSA each spring and you are automatically considered for all types of government assistance that you qualify for. Federal Pell Grants is one example of free college grants. This free college grants unlike loans do not need to be paid back. Eligibility for this free college grants is based on financial need. Amount in free college grants provided by Pell Grants change yearly depending on Congress. In the year 2000-01 school year for instance, free college grants under Pell grants reached a maximum of $3,300.00. The amount of free college grants provided by Pell will also depend on costs to attend school, student's status whether part-time or full time and the student's desire to pursue a full academic year or less. Another free college grants' program is campus-based aid programs. In this program, free college grants can be availed from Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work-Study (FWS) and Federal Perkins Loans programs. Free financial grants can be administered directly by the financial aid office at each school. Federal funds for free college grants for these programs are given to the schools and distributed to the students upon the school's judgment. To be eligible for these free college grants, one must:
* maintain satisfactory grades while studying
* have qualified financial need
* have a valid Social Security Number
* have a high school diploma or General Education Development (GED) certificate
* be working to attain a degree or certificate
* or pass an equivalent test approved by U.S. Department of Education
* be enrolled in an eligible program
* be U.S. citizen or qualified non-citizen
* register with Selective Service Persons who have been convicted with sale or possession of drugs are not eligible for free college grants.
Despite ineligibility for free college grant, you must fill out free application for federal Student aid because you might qualify for other nonfederal or private free college grants. Free Application for Federal Student Aid can be used to apply for all loans, free college grants and campus based student aid programs. The FAFSA Website (http://www.fafsa.ed.gov/) will guide you every step of the way to complete your online application to avail of free college grants. If you've got the interest to pursue college education, then the government has the resources to provide free college grants for you. Be sure to check the FAFSA website now as well as contact the financial aid office of the school you want to attend so you don't miss any important filing deadlines and have to wait a whole school year to apply for aid.