The funding provided by school grants is critical to many college students’ ability to obtain the necessary post secondary education required to obtain a decent job. Many are unable to afford such schooling without them. It’s not surprising therefore, that most want to expedite the approval process as much as possible. With that said, the easiest way to fast track your college funding options is to learn how to apply for a grant online.
How To Apply For A Grant Online
The two most popular grants are provided by the Federal government; the Federal Supplemental Educational Opportunity Grants and Pell grants. They work a little differently…
Pell grants: If you have a high school diploma and can verify your financial eligibility, there’s a good chance you can apply for, and receive a Pell grant. The amount of this grant varies, depending on a number of factors, but generally averages about $5,000 per year. (This is determined using the “Expected Family Contribution” formula, which calculates the applicants financial situation as well as that of his or family).
Federal Supplemental Educational Opportunity Grants: Although the FSEOG scrutinize’s every applicant’s financial situation as well as that of his or her guardians, this grant only covers 75% of the schooling costs; the student has to shoulder the rest.
The first step in determining your eligibility for a federal grant is to fill in a Federal Application for Student Aid form. You can apply for, and fill in this application for Federal grants online.
This is the application form used by most colleges, universities, vocational and career schools to apply for Federal grant aid (as well as state aid in some cases).
The application for federal grants should be filed online as soon after January 1st as possible. Your application must be in by June 30, 2012 if you are requesting funding for the 2012-2013 school year.
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Help For Filling In The Federal Application for Student Aid Form Online
This application is fairly straightforward to fill out, although you will probably need to consult with your parents if you are a high school senior investigating federal grants.
Section #1: This section covers the elementary stuff; your name, address, social security and so on.
Section #2: Here you’ll address question related to your dependency status. If you’re a high school senior, you will be dependent on your parents.
Section #3: In this section you will need to disclose the revenue and income of your parents, if applicable. Be especially careful to detail here; if this section applies to you, it is the one most critical in determining whether or not you are eligible for a school grant, and if so, how much that grant will be.
Section #4: In this section you will report your own income. If you’re a high school senior, this is unlikely to be significant and probably won’t play a huge role in determining your eligibility. For adults already employed in the work force, this is the information that will determine whether or not you will receive a federal school grant. You may be also need submit several years worth of tax returns to verify your income status.
Once you have submitted your report, you will receive a SAR, or Student Aid report. This preliminary document will inform you whether or not you are entitled to a grant.
Ready to apply for a grant online?
Here’s the link to the Federal Application for Student Aid once again!
Good luck!
