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Applying For Scholarships: No Longer A Wild Goose Chase - Forbes.com
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There are four different types of federal student aid: grants, scholarships, loans and work-study programs. Grants: Grants are funds for education that do not have to be repaid. They are often ...
However, grants are more likely to be awarded based on financial need, and many require you to fill out the Free Application for Federal Student Aid (FAFSA) or otherwise demonstrate financial need ...
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.
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".
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 campus employment. [5] (See Student financial aid in the United States.) A student who receives a ...
Funds are awarded to institutions of higher education to provide opportunities for academic development, assist students with basic college requirements, and to motivate students toward the successful completion of their postsecondary education. SSS projects also may provide grant aid to current participants who are receiving Federal Pell Grants.
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Applying For Scholarships: No Longer A Wild Goose Chase - Forbes.com
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