While you are waiting for the Student Aid Report (SAR) that will be generated as a result of filing of the FAFSA, you should contact the Records/Admissions department at EFSC to make sure your records are complete. You will have to order your high school transcript, declare your major, and take the appropriate college placement test for your program of intent. If you have attended other colleges, you also have to order official transcripts for evaluation of transfer credit.
There is a good chance that say the equity in your home and/or some other components of your net worth and income will be held against you in the calculation of your SAR (summary of the financial aid you can expect to receive) of your FAFSA. This does not mean, however, that there are not ways to reduce the financial burdens of the college education expenses.
There are thousands of scholarships, from all kinds of organizations, and they’re not hard to find. You might be able to get a scholarship for being a good student, a great basketball player, or a member of a certain church, or because your parent works for a particular company, or for some other reason. Find out more about finding and applying for scholarships. You’ll also want to be careful and avoid scholarship scams.
Student income, parental income and assets, and total family size are used to compute your Expected Family Contribution (EFC). Your EFC is included on your personal Student Aid Report (SAR), which spells out your anticipated college financial needs. Your SAR is shared with the schools you choose, where financial aid offices evaluate your eligibility for grants, loans, and other forms of student assistance. Your individual financial aid package, which often includes federal grants, is issued in a formal ‘offer letter’ from each university.
The Institute of Electrical and Electronics Engineers offers a number of grant and scholarship programs, including the IEEE Computational Society Summer Research Grant for graduate students. This grant funds the research of deserving student scholars into the areas of neural networking and evolutionary computation. Award amounts range from $1000 to $4000.
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.
The Federal Supplemental Educational Opportunity Grant – The FSEOG is designed to give financial aid to undergraduate students with extreme financial need. The FSEOG program is funded by the Federal government, and administered through the financial aid offices of participating colleges and universities. Students must apply through their college of choice, and grants are awarded on a first come, first served basis.
Grants for doctoral candidates and graduate students are highly competitive, and focus on the financial needs of students engaged in research to complete their high level degrees. These grants are often referred to as fellowships, and are typically sponsored by colleges and universities as a way of bringing the best and brightest graduate students to their campuses. Unlike the more traditional undergraduate grants, these programs place a great amount of weight on academic achievement. Financial need is a secondary consideration. Grants for graduate and doctoral students are typically high dollar awards, and will include funds for research related travel and stipends for living expenses.
Historically underrepresented groups, such as African-Americans, Native-Americans, Asian-Americans and Hispanics, are often eligible for higher education grants. Funding for these grant programs comes from a variety of sources, both public and private. Many grant programs are dedicated to increasing diversity in the traditionally white male dominated fields of science and business.