Many grants dedicated to specific career paths are, in fact, award-for-service programs. These programs perform two functions; they give much needed financial aid to talented students pursuing careers in high need fields, and they help to secure and retain talented professionals in communities that are experiencing critical manpower shortages. Students entering into a grant-for-service program should understand that they are agreeing to a binding contract, and will be obligated to fulfill all the of the particulars of that contract. Students who fail to meet their award-for-service obligations will find that their grants will revert to standard student loans, and they will be expected to repay all monies received plus interest.
The majority of students applying and receiving college grants are low income students, also called need-based grants. Need based college grants are to give everyone a fair opportunity to get an education. Some common need-based grants are the Pell Grant, a Scholarship for Disadvantaged Students, and several others. The first place you should apply is called the FAFSA.
Colleges and universities can also be prime sources for grants. Often, colleges will be given private endowments from individuals and businesses for the purpose of providing financial aid to deserving students. Again, privately endowed grants and scholarships tend to have highly specific eligibility requirements, and may target certain portions of the population such as women or minorities. They may also be dedicated to students pursuing degrees in specific fields or disciplines.
We want to be sure you qualify for the Financial Aid and Scholarship package that you're entitled to. At EFSC, as at any college, that process starts with filling out the online Free Application for Federal Student Aid (FAFSA) — that ensures you're considered for all aid programs that are administered by the College, including grants, work study and loans. A FAFSA also is the first step in qualifying for scholarships.