Federal Pell Grant

Comparison Between Scholarships, Loans and Grants

Getting education beyond high school whether on campus or online in any field is expensive. Most of the students leaving high school are interested in getting higher education but financial constraints limit the number of students that actually get further education.  Most of the students that join a college degree get aid from scholarships, loans and grants.

There is ample financial aid available for students joining college in form of grants, scholarship and loans. This financial aid can be searched over the internet with ease. The scholarship search sites have made it even easier to search for financial aid. In this article I will discuss scholarships, loans and grants.

Scholarships and fellowships are normally awarded to students with academic excellence, sporting excellence or students with particular talents. These programs are not normally based on financial need. Some scholarships are also aimed at encouraging students to join a particular less developed or shortage field. There are thousands of scholarships and fellowships programs offered by government and private organizations, and colleges and universities. Some institutions also offer discounts in fees advertised as scholarships to students.

Grants are normally based on financial need. Although, academic excellence and extracurricular skills are also considered for the award of grants. Grants are also offered by both government and private organizations, but the largest provider of grants is the government. Government is running several grant programs for general students and students in particular categories, such as minority students, single mothers etc. The most popular of the government funded aid programs are the Federal Pell Grant, the SEOG, and the state of Georgia’s Hope Grant. Information on all government funded programs can be obtained from the website of federal aid office of the U.S department of education. The site also provides online application facility for all programs. Private programs run by welfare organizations can be searched over scholarship search sites.

Loans are the most availed form of financial aid for students. Statistics show that nearly 50% of all students take these low interest loans to fund these studies. These loans are provided by many private welfare organizations and government organizations. The most popular of the government funded aid programs are the Stafford, PLUS and Perkins. These loans are also provided based on financial need. Information on all government funded aid programs can be obtained from the FAFSA website. Some colleges also offer such loans to students based on financial need and other criteria.

Top Scholarships for Minority Women

Top Scholarships for Minority Women

Top Scholarships for Minority Women

Finding a scholarship to get higher education in you field is a tough job. It is tough because you will have to face fierce competition for most of the scholarships that are being offered. If you belong to one of the minority communities living in US it is a good idea to look for minority scholarships. These minority scholarships provide opportunity to women from minority communities to get funding for studies without much fierce competition. There are hundreds of scholarship programs offered for every minority community. In this article I will discuss top 3 programs that offer scholarships for minority women.

  • Federal Pell Grant: This is a very prestigious scholarship program offered by the US department of Education. This program offers assistance to undergraduate minority women students to pursue graduate degrees. In year 2008-2009 the awarded scholarships were worth $4,700, and the department of education has planned to increase this aid to $5,400 till 2012. Students can get complete information on deadlines and requirements on the program’s website.
  • The FSEOG programs: The Federal Supplemental Educational Opportunity Program is a program that provides scholarships for minority women to complete their graduate degree. This program offers assistance to women who have completed their post secondary education and who belong to the low-income group of society. The amount of the scholarship varies with each individual. Students can get aid of $100 to $ 4000. Once students have won the scholarship the school aid office decides the amount of scholarship the student should receive.
  • Academic Competitiveness Grant program: This program also provides aid to minority women to complete their graduate studies. This program is funded by different sources. This program provides aid for only two years of education. The program provides aid of $750 for first year and $1300 for second year of education, which amounts to $325 per semester for first year and $650 per semester for second year of education.

More information on all 3 programs mentioned above can be obtained from their website. In addition to above mentioned programs women can easily find many other scholarships for minority women that can help them complete their education. Minority scholarships offered by government can be searched on the department of education’s website and scholarships offered by private organizations can be searched over scholarship search engines. There are over 50 of such scholarship search sites available over the internet that can provide you information on all scholarship programs.