subject: Grant Money For Schools: The Start Of Successful Education [print this page] The devastating aftermath of the great recession in 2007 greatly affected most of the US population in different aspects of life, including the social and economic well-being of many Americans. More so, the long-term unanticipated implications of the downturn have affected, influenced, and transformed not only the financial condition of the people across the country, but as well as its institutions and societies. Stemming from the economic crisis, US government was forced to downsize its financial support to many governmental institutions, projects, and services.
For instance, in education, more than half of states have cut down their education budget in spite of the opportunities a scholarship can bring to the future of an individual. Consequently, schools were obliged to lay off teachers, other non-teaching staff, and cancel few of its meaningful programs and services for students. As a result, the cuts can worsen the prevailing learning gap between the underprivileged and middleclass students. In most occurrences, allocations for higher education are affected.
Even with the scarcity of allocation, several underserved public schools are still striving to find funding sources to sustain their ongoing programs and new initiatives.Thus, a lot of academic institutions nowadays consider seeking grant money for schools to be able to continue not only some of their programs but also their operations and to continuously provide quality education. At the same time, individuals who are financially problematic and are struggling heavily rely upon scholarships to achieve academic success as well. However, applying for funding can sometimes be complicated yet overwhelming due to its diversity of purpose. Some types of school funding are dedicated to improve the overall facilities of the school, while othersare intended to benefit academically and financially struggling students.Although there may be several forms of available awards, but not all are appropriate and suitable for the request of learning institutions and students. Here are some types:
Federal Funding Assistance
This is a financial assistance given by the federal government.
State Grant
This refers to money awarded by a particular state to students who reside in that state. This is given based on financial need, academic merit,and/or specified area of study.
MinorityEndowments
Qualified minorities, including African Americans, Latinos, and Asians can apply and receive financial help from foundations, governmental agencies, and organizations.
Scholarship for Women
This is awarded to female academic enthusiasts tohelp them be empowered in the certain field of study or expertise.
Pell Funding Program
This type is given by the U.S. Department of Education to students who have established the need for monetary assistance to be able to pay the required amount for attending college.
TEACH
This is open to those students who want to pursue teaching professions in schools that help in enrolling students belonging to financially restrained families.
Privately Funded Grants
This is handed out by foundations or grant-making institutions to the general public to better the community for the specific purpose of improving the quality of lives of the people.
Grant money for schools is endowed and not loaned, that"s why the amount that will be given to the grantee will be thoroughly weighed based on the significance, purpose and urgency of the project.
