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This includes taking out student loans, applying for grants or potentially winning a scholarship. Below is a primer to help you decide which kind of financial aid is best for your situation.
Other scholarships are based on financial need. [3] Scholarship money is not required to be repaid. [4] Scholarships are not a large component of college financial aid in the United States; they are far surpassed by grants, for which the only qualification is financial need, interest-free loans (while the student is in college), and subsidized ...
For unmarried students under 24, Congress mandates that parental income and assets be included. The resulting figure is the student's "need". Colleges attempt to provide students with enough financial aid to meet all student need, but in most cases are unable to do so completely. The result is "unmet need".
Grants are a type of financial aid that does not have to be repaid. Generally, grants are for undergraduate students and the grant amount is based on need, cost of attendance, and enrollment status. Federal Pell Grants are designed for low- and middle-income undergraduate students. Pell Grants for the 2023–2024 school year range from $750 to ...
This scholarship is awarded twice a year to students doing distance learning. Applicants must submit a 500-word essay explaining what a college degree means to them.
Note that the situation for student loans has changed due to the impact of the coronavirus outbreak and relief efforts from the government, student loan lenders and others. As is the case in most ...
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