subject: College Grants [print this page] College grants are awarded from many different federal bureaus and private institutions. And while the funding bureau may change, the basic purpose of the grant remains the same. They all seek to give you free money to attend college. While the concept of free money may seem a bit jaded; that is exactly what grants offer. They provide funding for college students that never has to be repaid. Unlike loans, this money is simply given out to students with no strings attached. What does this mean? Well, first of all, there are no interest rates to worry about, nor are there payment deferrals to keep track of. This money comes free of charge.
You are likely thinking that applying for a college grant will be a big headache; lots of paperwork, grueling application process, or pay some type of fee to have access to funds. There has to be a catch, right? Well, that is just not the case. To receive grants, you simply have to fill out a FAFSA application form, just like you would for a student loan. There are some institutions that may have a separate application form, but the process should be fairly straightforward regardless. All the form will request is some information about your financial need, as well as the school you plan to attend. All the other paper pushing and processing is done by somebody else.
You dont even have to personally accept the college grants that are given to you after the application. Your university should do that for you. Since grants do not have to be paid back, educational institutions assume that you will want the free funding regardless of who you are. Thus, your college will accept it for you and then release the funds accordingly. After the funds have been provided, you can spend them for whatever college expenses you need help covering.
On the whole, college grants can be your perfect solution for paying for college. The cost of college tuition is constantly increasing and with that comes the need to search for more sources of funding. Help yourself out and spend five minutes filling out an application for a grant. In the end, you can receive a lot of money for very little effort. There are companies out there working specifically to help you get a degree. Take advantage of the opportunities available to you. Theres nothing to lose, but, undoubtedly, a substantial amount to gain. Get started today.
