Smart grants USA: An informative guideline for smart grants in USA
In the United States of America, education is primarily the responsibility of state and local government. Private schools and colleges exist but they are enormously expensive and cannot be availed by people belonging to the middle or lower income groups. The federal structure of education in USA is well reflected in the expenditure pattern and budget assigned to education in America.
Smart grants in USA are also awarded by government, schools or colleges, by private or charitable organisations, or by businesses. These college grants are given to those with potential for academic or extracurricular excellence but without proper financial assistance. There are smart grants for sports, creative endeavors, and business.
What are smart grants?
Smart grants USA are often called “gift money” because they are free aid. They do not have to be repaid. Unlike scholarship which are usually merit based, smart grants are more often than not need based.
The Department of Education in USA offers different types of federal grants to students who are attending colleges, community colleges, or universities. Grants are also available for international students although they are much less in number as those for the domestic students.
Smart grants USA do not have to be repaid. However, there are certain exceptions to this norm. A few of them have been listed below:
- If you withdraw early from a programme for which you were given the grant.
- If you have received certain other scholarships or grants that has reduced your need for federal aid
- Changing from partial enrolment to full-time enrolment or vice-versa.
Certain grants are given to a specific student group. This enables them to pay for college. These student groups include:
- War veterans and members of the national guard
- Youth in foster care
- Students with disabilities.
- Under-represented group of students
- Smart grants USA are also awarded to students who have shown a commitment to community service
Student’s income, parent’s income and other assets are taken into consideration while trying to decide your expected financial aid. This is known as expected family contribution or EFC.
Federal Pell Grant is the biggest provider of smart grants USA. They provide tuition assistance to undergraduate students in need of financial aid.
What you need to do to get this financial aid?
To avail federal student aid, you are required to fill out the free application for federal student aid form. Once that is done, you are required to work out with your school or college the amount you are liable to get and when you are likely to get it.
Your family’s tax returns are required for the completion of the FAFSA form. Once done, submit your form before deadline. You will receive a financial aid letter from the colleges which have accepted you which will list the grants you are eligible for.
Smart grants USA are an easy way to get the required financial aid for your education. You must be on the lookout for grants offered by government, universities, and colleges and the eligibility for the same. Gsescholarships.com will be sharing such information for you.