GRANTS & SCHOLARSHIPS
FOR GRADES : 9 10 11 12 - 1st, 2nd year post high school
While the words “scholarship” and “grant” are often used interchangeably, they do have slightly different meanings: scholarships are generally based on academic or athletic merit, while grants are intended to solve a financial need. Each year, an estimated $46 billion in grants and scholarship money is awarded by the U.S. Department of Education and the nation’s colleges and universities. In addition, about $3.3 billion in gift aid is awarded by private sources, including individuals, foundations, corporations, churches, nonprofit groups, civic societies, veteran’s groups, professional groups, service clubs, unions, chambers of commerce, associations, and many other organizations.
Types of Grants and Scholarships
All government grants, as well as numerous other scholarship opportunities, are based upon your need for financial assistance to continue your education. In order to substantiate your degree of need, you must complete a FAFSA application on line; and, your score — SAR — will be determined based on your answers. You will need to submit this information whenever you apply for a grant or scholarship that requires it. To find the application, go to www.fafsa.ed.gov. There is no charge for completing this process.
Pell Grants are the nation’s largest need-based grant program and are awarded based on the FAFSA. They are funded by the government and administered by the U.S. Department of Education. Pell Grants typically go to students with a total family income of below $25,000, although students with higher family incomes still may qualify. For the 2017-18 school year, the maximum Pell Grant is $5,920.
Merit-based aid is based on a student’s academic, artistic or athletic achievement. It also goes to students who demonstrate leadership qualities, or other abilities, such as proficiency in extracurricular activities and/or community service.
Need-based is aimed at students from low-income families. To qualify for this type of aid, which can be school-sponsored or privately funded, students must complete the Free Application for Federal Student Aid (FAFSA) and demonstrate a financial need that must be met in order for them to attend college.