student grants

student grants questions and answers

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Q: How do study grants, scholarship and student loans work?
I would like to do my Masters overseas next year. I've read in some of the (potential) schools' websites that they offer things like student grants, scholarships and student loans. What are these exactly and how do they work? Which one is the best option?

A: Hi Mate, grants, scholar or student loan are 3 different thing but for 1 reason they exist which is to help the student. Grant and scholar is similar, you don't have to pay back, they work as a gift of cash. In other hand, loan will required you to pay back, and student loans probably would not charge you interest. You can check more of grants or scholar information over the net.

Q: What types of student grants can I apply for?
I am in my 2nd semester and am taking online courses. I have filled out a FAFSA before attending the courses and I am a full time student. I received a student loan, but wanted to know if there are any grants I can get to help me pay off the loan.

A: Hi. Hope this really helps.. visit http://www.easiestgrants.com/college-scholarships/ ...a friend emailed me that link.. though I have not read through it, just give it a shot.. Good luck.

Q: What grants can I apply for to pay off student loans?
I have defaults on student loans-what grants should I apply for to help pay them off?

A: Sorry but there are no grants for paying off student loans The government is NOT in the business of giving away free money for the sake of giving away money. There are no grants for paying bills, no grants for paying off credit cards, no grants for getting out of debt . Grants are free, but it means OBLIGATION. You will be obligated to do as the grant sets out to do. Grants have objectives, and your purpose must fit the objective of the grant. For one, you have to write the grant application and the grant application is not a simple document - you have to explain how your purpose for applying for the grant fits well with the objectives set out by the grant. There is a stringent review process through a committee. You will compete with other applicants for the grant money, and this grant review committee will evaluate the merits of each proposal. Only those that they feel exemplifies the objective of the grant will be approved. You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support your purposes. Even if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. Note though that these grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program. Individuals especially for personal purposes are not eligible for federal grants. Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs

Q: Is there a limit to how many times you can get Pell and other student grants?
I'm asking because I was attending college 3 times, dropping out and only completing 1 semester. When I dropped out it was after the deadline. I want to finally finish.

A: You will have to consult with the financial aid staff at your college because you may be denied and have to appeal the decision. You will need to be very specific as to why you dropped and hopefully it was for good enough reason (in their eyes) or they may make you pay back the aid you have already received. Under normal circumstances federal grants like Pell are renewable up to 6 years. 2 years for a junior or community college and 4 years for university or state college.

Q: Where can I find student grants for college in California if I am a non-resident?
I am looking for free money for college in California. I am going to FIDM, and its super expensive and its too late for me to apply for any scholarships. Any HELP?

A: See your high school guidance counselor to determine what local scholarships are available. Sometimes there are small scholarships that are not well known. Call the Financial Aid office at FIDM for their advice on possible scholarships. The basis for financial aid is the Free Application for Federal Student Aid (FAFSA) The FAFSA is available on line at http://www.fafsa.ed.gov/. You should go ahead and fill that out. Your college will need that before they can assess your need. The FAFSA determines how much your family should be expected to contribute to your tuition based on family income and size. The college will then determine how much financial assistance you qualify for through grants, loans, and student work-study programs. Only get a loan as a last resort. Be persistent. Talk to as many people as you can. Get everything done as quickly as possible. It's hard to tell what will have to be done first and it's best to be prepared.

Q: Where is help for student loans and grants and scholarships?
How do you go about getting student loans for your child? My daugther wants to attend Purdue University and I am a single Mother making only 30,000 and with FSA she gets little or no money are there any grants or scholarships available. Thank you

A: For student grants and loans complete the federal application at http://www.fafsa.ed.gov/. This will allow her to be considered for grants from the federal government, your state and Purdue, in additional to low-interest federal student loans. Check with the school's financial aid office regarding institutional scholarships. Check out the free scholarship search on line at http://www.finaid.org/.

Q: If you make a D in a class do you have to immediately repay the grants and student loans?
If you make a D in a class do you have to immediately repay the grants and student loans? II cannot believe I made such a bad grade! I can't stop crying... :-((

A: Hello, my friend. No, you do not have to pay back the loans any sooner than you originally contracted. The loans are not affected by your grades AT ALL. In fact, you can fail all of your classes or drop out of school altogether and the loan will not become due any sooner. As for grants....they are considered "gifts" and are not re-payable for any reason. I hope that helps to put your mind at ease. And, don't beat yourself up too badly. You'll get better grades next semester. I know it.

Q: Do you claim student loans and grants as income at tax time?
My fiance has had a very good job and has been supporting me while I am going to school so I have had no income except for my student loans and grants which equal up to 15,000 dollars. Will I claim this as my income to pay my taxes? My finanicial aid advisor has not been the best with explaining things to me and rarely calls me back. Thank you!

A: Federal or private student loans and federal grants are NOT considered income. Therefore you do not have to report them as earnings. In fact you do not even have to file a tax return for 2007. You will need to complete a new 2008-2009 FAFSA form if you will be attending school after July 1 2008 so you will maintain your eligibility for Title IV loans and grants. The FAFSA will ask you about income which you will put $0.00; there is also a question about money received on your behalf, such as gifts ect… This is where you should estimate (with a dollar amount) how much the living, eating, utilities ect… are worth, which you receive from your fiancé.

Q: What student loans/grants etc would i be able to get at uni?
i am going to uni next year and cant wait, i'm so looking forward to it. The only problem that i have is that i am a single mum on benefits, and am worried how i will afford to support my 2 kids while studying. Has annyone got any idea of the loans/grants etc that i may be entitled to while at uni? thanx in advance. I live in the UK

A: You'll be entitled to a loan to pay for the tuition fees, a loan to help you live & a grant, you may also be entitled to a bursary from the uni you're attending & may be even a hardship grant. You'll have to pay these loans back if you are earning more that £15k a year oh & remember that you have to reapply at the start of each new year. It's a lot of really hard work, expect to spend at least eight hours a day on your course, tutors like that, treat it like a full time job that you are paying for. Good luck. P.S. My Mum managed to do it as a widow with 7 children. It can be done.

Q: What happens with my student grants/loans if I fail all of my classes?
Help....I am in a major crisis...and my education is suffering!! What happens if I fail all of my classes...will they not let me use the rest of my loans to re take these classes next term? I know that I still have to pay these back...I just really want to know if I will be able to use the rest of my loans to re take these classes, as I am due part of my loan next semester...Thanks!

A: You'll likely get put on academic probation, which gives you one last chance to get grades up. You should really speak to an adviser to see what your options are. You might need to withdraw for the semester (W's on the transcript are better than E's or F's!) or file an appeal to drop retroactively. It's still pretty early in the semester. Also try talking to your professors and let them know about your situation (whatever it is). Most are willing to work with students who don't wait until just before finals to let them know there's a problem.

Q: HOW DO i GET INFO ON DISBUSMENT DATES OF STUDENT GRANTS AND LOANS FROM AWARD LETTER?
I recieved an award letter telling me what I was awarded but I want to know when I get my check.It stes that from my pell grant a portion of it has been disbursed but I didn't get anything yet.

A: Contact the financial aid office at the college you will be attending.

Q: Federal Pell Grants and Student loans and an IRS tax Lien?
If the IRS has a lien against you for unpaid taxes, would you still be able to get Pell grants and Federal student loans to pay for the cost of college or would they be denied?

A: denied. when you owe the iRS and now you want more federal money are you one of the big 3

Q: Where do student grants come from?
I would like to know if anyone knows who pays for them? is it donated money or do taxpayers pay them?

A: Pretty much what was mentioned above. It primarily comes from the taxes taken out of our paychecks. Although an interesting sidenote, in the end we all benefit from these grants both economically and socially. The reason why the government is so eager to give these grants to low EFC students (who come from families that make very little money and/or are on welfare, medicare, food stamps, etc) is because once these students graduate from school, chances are they are going to be making some good money. That good money will in turn put them in higher tax bracket, so now the government, for making a small "investment" on the student, will make a good amount of taxes from the graduate and their new high-paying career for the rest of the graduate's working life. This in turn will lead to more taxes for roads, schools, city maintenance, etc. Great concept huh.

Q: Are there any student grants available for people who are laid off?
before I get a huge loan to a four year university, I want to know if there is money specifically for me, since I was recently laid off and on unemployment.

A: I’ve gone through the university system (as a student and employee) and have educators in the family. Below are some tips: 1) Check with your local unemployment office or Workforce Center. I'm sure they're sitting on a mountain of information. They just need some prodding. 2) I would also check with the school where you plan to attend. Talk to a financial aid person there. Don’t be shy. Be very open with them. Let them know every detail of your plight (trust me). They too are sitting on a wealth of information and may have something for you. For example, in Minnesota they have a scholarship for adult students called the Allis Opportunity Grant Program for Adults Returning to College. Ask your financial aid person if something like this is available in your state. Below is a description of the Allis Grant. ********************** Adults may be eligible to take a college credit course for free at one of Minnesota's community colleges through the Alliss Opportunity Grant Program. The grant covers one course (up to five credits). The cost of books is included in the award, but other restrictions and fees many apply. Application Process: Contact the community college admissions office for more information and an application. You cannot apply for a grant after you have registered. Eligibility Requirements: To be eligible for this grant, you must have been out of high school for seven or more years, and not have a bachelor's degree. ********************** 3) A WAY TO REDUCE COSTS OR GET AROUND PAYING TUITION: Work at the college where you plan to attend. It may take you longer to get through school but most schools pay 50 to 100% of your tuition. You may have to work full time (which in some schools consists of anything over 32 hours a week). They may also allow time for their employees to take a class during the day. For example, they may allow you to have a maximum of 3 hours a week to take a class. Or depending on who you work for, they may allow you to have a flexible schedule so that you can take classes. Most places don’t pay for books. That you’ll have to do on your own. But…here’s another tip: ask your professor if they have extra books. The book reps give them extra books or they order them and use them for planning their courses. Depending on their mood and if you’ve explained your situation politely, you may be able to get something. The cost of these things is no joke so always be sure to ask. 4) There are other scholarships available for older students who have not yet received a degree. Check the FinAid website (http://www.finaid.org/otheraid/older.phtml). 5) Even though this site (ISEEK) is targeted towards Minnesotans it is very well organized and has a wealth of information regarding financial aid and planning your education (http://www.iseek.org/sv/20125.jsp). What I’m sure you’ll find MOST IMPORTANT is that they have information on Dislocated Worker Funds and WIA Grants. Click on Eligibility Required and then on Dislocated Worker. Again, even though most of this is geared towards Minnesotans, it still gives you an idea of where to turn in your own state. 6) Don’t forget about the good old Federal Pell Grants. Below is some info about them. ********************** Eligibility Requirements: To Students with family incomes up to $50,000 may be eligible for Pell Grants. However, most Pell awards go to students with family incomes below $20,000. There is no charge to apply for a Federal Pell Grant. Do a search for Pell grants to see the application information. Good luck!

Q: How to apply for grants to pay off student loans?
I have heard of grants that the government will give you to pay off student loans as well as grants that you can use for a down payment on a house. What steps do I take to apply for these grants? Thanks in advance. If you are a nay sayer please to not answer. There are grants out there for these purposes. Also if your answer are not pertaining to applying for grants please do not answer.

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