Congratulations! As you
are preparing for your college career, you are creating the foundations
for a wonderful journey that will impact the rest of your life.
On average, college graduates earn a substantial percentage more in
lifetime income than non-graduates, and you will be able to utilize
your college education to find a job that is great for you.
However, on the way to obtaining
your college degree, there are several hurdles to overcome. The
greatest hurdle for some applicants is securing the financial resources
needed to pay for a college education. This guide will provide
you with the insight to know where and how to obtain “free money,”
in the form of scholarships and grants, which will pay for your education
and launch your career.
Grants Defined
Provided through the federal
government and private organizations, grants are a great resource of
funding for your college education because the money does not need to
be repaid upon graduation. Most of the “free money” in the
form of grants is provided through the federal government.
Obtaining Federal Grants
Ranging between annual awards
of $100 to $4,000 annually, federal grants are offered to undergraduate
students who have demonstrated significant financial need. The
amount of money provided in the grant depends upon the information the
student gives in the FAFSA, which is the Free Application for Federal
Student Aid. This form will ask for various personal and financial
information, such as relevant income and tax information for you, your
spouse, and/or your parents. You can obtain a copy of the FAFSA
by calling 1-800-4-FED-AID, or you can apply directly online at www.fafsa.ed.gov.


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