College costs have exploded over the past decade, increasing by a massive 33 percent from the 2004-2005 school year to 2014-15, according to the National Center for Education Statistics. For today’s average student, 70 percent of colleges are more expensive than they can afford. But while college is more expensive than ever, family incomes and college savings rates have not kept pace.
Most college grants are designed to address the needs of students who are facing a financial shortfall in their college funding. That being said, a wide range of grant programs are dedicated to providing financial aid to students in more extreme circumstances. Grants for low-income students are specifically designed to address the financial needs of students from economic or socially disadvantaged backgrounds. Typically, these programs will be sponsored by state and Federal governments, advocacy groups and charitable foundations.

Filing your FAFSA gets the ball rolling on lots of financial aid opportunities, but additional grants are available that might require separate applications.  Your state and other grant foundations put forth narrowly defined student gift aid every year.  Your location, ethnic background, and even your parents’ employer could lead you to the college grant funding you need.
There is currently a national push to encourage students to pursue degrees in science, technology, engineering and mathematics. The United States is currently falling behind in the number of students graduating with professional degrees in the STEM fields. Consequently, grants have become more abundant for students pursuing studies in these fields. These grant programs are typically sponsored by Federal agencies, state governments and professional associations.

The width and breadth of the student population in the United States continues to grow and change as more and more students head to college to improve their education and professional opportunities. The American collegiate population is made up of a diverse array of students of all types and backgrounds. Grants for college-bound students are often designed to benefit specific types of students, and to address their particular financial needs. The most common student-specific grant programs fall into the following categories.
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.

Grants for students with disabilities come from a variety of sources, and address a variety of different needs. Some grant programs are designed to help disabled students find their place in a traditional college campus environment, while others may offer financial aid to students attending a special needs school. Most grants for disabled students are specific to the applicants handicap, though some may be broadly applied to all disabled students.


Still, the potential payoff of applying for financial aid makes it worth it. It can make a world of difference if you put in the time and effort to understand the process and how to get the full financial aid you’re entitled. For some students, it’s the only reason they can complete a degree rather than dropping out of college. For others, financial aid helps them leave school with some student loans — but limits the debt to a manageable amount.
The Nieman Foundation for Journalism at Harvard University offers fellowships grants for working journalists who are returning to college to expand their education in various journalistic fields. Programs include the Reynolds Fellowship in Community Journalism and the Arts & Culture Reporting Fellowship. Award amounts vary depending of course of study.
Private student loans: Financing from private lenders might also be listed in your financial award letter, or you can find it on your own. Using federal student loans first is often the best move, Randolph said. However, “if you still need money to bridge the gap between financial aid and the cost of attendance, you’ll have to look at private student loans.”
College grants are primarily awards of free money, that do not require any repayment on the part of the recipient. They can be directed toward specific educational expenses, specific types of students, or general purpose. Unlike scholarships, which are typically awarded on the basis of academic achievement or athletic, artistic or extracurricular performance, grants are awarded according to financial need. This is not to say that academic merit will not be considered, only that financial need is given greater weight in the final decision making process.
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 traditional model of a college-bound student is beginning to change. While the majority of college students are still newly minted high school graduates, more and more adult learners are headed to colleges and universities across the country. Some may be returning to school to finish degrees that were interrupted by work and family commitments, while others may be attending college for the first time for training courses to help them achieve greater success in the national workforce. Non-traditional students include single parents, displaced workers, returning military veterans and adults seeking new career opportunities.
The American Institute of Certified Public Accountants sponsors a variety of grants and scholarships for minority students pursuing a career in accounting. The AICPA Minority Doctoral Fellowship  awards $12,000 to minority students completing their doctoral program in accounting. The fellowship is open to African-American, Native-American and Hispanic students.
Asian-Americans are one of the fastest growing ethnic populations in the United States. While Asian immigrants have been part of the American workforce for more than a hundred years, they have been historically under-represented in mainstream colleges and universities. That is beginning to change, and more Asian-American students are headed to college than ever before. For many, they may be the first in their family to pursue a college education. Grants for Asian-American students are supported by a variety of charitable foundations, corporations and private endowments. Like many grants dedicated to the financial needs of minority students, many grants for Asian-Americans place a particular emphasis on specific career paths, including science, technology, education and journalism.
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.
Students that never attend, stop attending, or withdraw from all classes will be required to repay some or all of the Pell Grant and/or SEOG and subsidized or Unsubsidized loan funds originally awarded. A federal formula will be applied based on student's last date of attendance, percentage of the payment and period attended. If the formula indicates an amount “unearned” a repayment of aid will be necessary. There is no appeal available for Repayment of Federal Funds.
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