Ease Your Participation In Online Schools Programs With Aid For A College Education
Sunday, August 7th, 2011The Department of Education reports $116 billion is allocated for college grants this year. This is obviously much more than the 100 pounds a year Lady Anne Radcliffe Mowlson donated to Harvard in 1643, making it the first college grant ever. Financial aid has changed considerably since then, adding everything from Pell Grants to State Student Incentive Grants, just to name two of the many.
If you were part of the moneyed class during pre-revolutionary times and even quite a bit beyond, Harvard was your only choice for college. If someone didn’t qualify, they worked as an apprentice for someone who could teach them a trade. For children, education was often interrupted during the spring (for planting) and the fall (for harvesting). For most, the idea of a college education simply didn’t exist.
Today there are a wealth of college institutions and what seems to be an almost equal number of grant sources. While that’s not actually true, there are more out there than most students have even heard of. Sure, the Pell Grant comes to mind when thinking about grants, but thanks to the Department of Education there is a database service reserved for educational assistance. Future public school teachers can apply for TEACH grants, while other students can investigate private institutions that facilitate grants, as well as loan options, including National Direct Student Loans.
A good place to start is with the Dept. of Education’s FASFA4Caster. This tool is designed to help figure out the odds of a student getting aid. From there, the Department will even help you set up an account, MyFASFA, to manage your next step, which is getting the grants.
The simple truth is that unless a student’s last name is Gates, Buffet, or Jobs or if that student has hit the Lotto, the student will need some sort of financial assistance. By that we don’t mean robbing a bank either!. USA Today recently reported that the annual cost of higher education is over $15,000 a semester. The maximum the Pell Grant currently delivers is $5,350.
We might all wish colleges would adjust their tuition based on a student’s finances, however, it’s only the major colleges like Harvard that take student finances into consideration. Fortunately, all traditional and online institutions have financial aid officers on staff who can assist students in their search for college monies. Not surprisingly, the Department of Education has information on their website, however, for the best advantage students should do some exploration on their own.
Not all college students are fresh-faced 18 year olds these days. Many work and have children and simply don’t have the time or knowledge of where to look to find assistance for single parents, Native Americans, war veterans or those over 25 years of age (which by the way is over 25% of the national student body currently). A competent financial aid officer should have this info at his or her fingertips. They also know how to best navigate the miles of paperwork you’ll go through.
Although 100 pounds won’t quite get you into Harvard these days, there are other forms of aid out there that will make your college dreams come true. Get some professional assistance regarding online schools programs through a college financial adviser and explore all the scholarships and grants options on your own to find those that will get you on a degree track.