Money For College - The Types Of Financial Aid

Most people are not aware that there are many different types of federal and state funding that can get you started on your way to a college degree

. There are are a variety of scholarships, federal programs, and grants that simply are not accessed by most people because they do not know they exist. Here are a few things to consider in regard to the types of financial aid that can provide you with money for college.

First of all, let's consider the basic types of college funding that are available to almost every potential student that applies. You can take out student loans which are secured or unsecured. These are very useful if you are in a hurry and have not figured out a way to pay for your college tuition, books, and your classes once you begin the semester.

You can also take out federal grants which are not loans but sources of free money for college but do not have to be repaid. Most of the people that go to a university will apply for the Pell Grant or the TEACH Grant. These programs are designed to help you create a steady flow of income courtesy of the federal government that will allow you to earn not only your degree which are teaching credential if that is the direction you're heading.

Another possibility for funding for school is a scholarship. You may have heard of the mythical full ride scholarship that many athletes get that are especially gifted in a certain sport. They are given tens of thousands of dollars to help them complete their degree so that they can also participate in sporting events that generate money for the college. Think of football games or basketball games that you see on television. Most of these players are using this free money.

It is important to note that in order to attend a college you at the very least must have a high school diploma. If you do not, you must complete a GED so that you can begin the application process. Whether you are going for the Federal Pell Grants or the Federal Supplemental Education Opportunity Grants, this type of prior education is very necessary.

If you are going to a state college, you will be eligible to apply for state and institutional programs that are only available for certain people. If you were going for more education after achieving your first degree, and you do have an athletic ability, you can apply for the Academic Competitive Grant which will give you additional funding.

Finally, if you are gifted in academics, especially in the main core subjects, you are eligible to try for the National SMART Grant. This is given out to special students that do very well in the subjects of math, science and social studies. This type of funding is added to any other funding that you have including student loans.

The sky is literally the limit for those that are truly looking for a way to finance their way through college without having to work a full-time job or that do not have personal funding such as from their parents or a savings account that can cover their bills.

Locating money for college can be extremely easy if you know where to look. And by applying for the various sources of money in a timely manner, you can literally have your entire education paid for by other people and corporations that are willing to foot the bill.

by: Michael Kohler

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