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5 scholarships for current college students worth applying for. ... Any current college student of an accredited U.S. college or university with a cumulative GPA of 3.0 or higher is eligible ...
Each institution has its own definition of meeting the full demonstrated need. Some schools meet this need through grants and/or merit or talent scholarships alone, while others may include loans and work-study programs. As a result, a student's financial aid package can differ greatly between schools that claim to meet full demonstrated need.
In the U.S., a grant is given on the basis of economic need, determined by the amount to which the college's Cost of Attendance (COA) [6] [7] exceeds the Expected Family Contribution (EFC), [8] calculated by the U.S. Department of Education from information submitted on the Free Application for Federal Student Aid following formulas set by the United States Congress.
A Pell Grant is a subsidy the U.S. federal government provides for students who need it to pay for college. Federal Pell Grants are limited to students with exceptional financial need, who have not earned their first bachelor's degree, or who are enrolled in certain post-baccalaureate programs, through participating institutions.
To be eligible for scholarships, high school juniors must score among the top 1 percent of test-takers in their home state. The PSAT serves as the National Merit Scholarship Qualifying Test (NMSQT), and measures critical reading ability, mathematics problem solving ability and writing ability, rather than existing knowledge. [ 30 ]
Financial aid is available from federal and state governments, educational institutions, and private organizations. It can be awarded through grants, loans, work-study, and scholarships. To apply for federal financial aid, students must first complete the Free Application for Federal Student Aid .
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