Not everybody can afford university education. So many expenses can be encountered from the starting of the course, during the course and at the end of the course. You can’t avoid small but necessary things like buying textbooks, having food, paying rent, paying for tuitions and so many other things. These are all a part of your university education without which it will get very difficult to complete your education successfully. However, thinking about bearing all the expenses when you are not in good financial position can also hamper your studies. In such a situation, a student can opt for university grants. These grants are available for the university students who hail from an unconditional background.
One of the main benefits of grants is that a student who has gotten grant is not supposed to pay it back. University students get financial freedom from such grants. In cases of loan, student is burdened till the time all the money with interest is paid back to the loan giver.
Following are a few things that you need to have/posses/be:
1. Bad financial conditions of the family
2. Abnormal living circumstances
3. Hailing from a minority group
4. Member of a family having people from Armed forces
5. Aspiring teachers
For every different grant, criteria are set different. The highest money amount grant is of Pell Grant with $5,350 worth. Academic Competitiveness’ grant amount varies for the first year students and second year students, $750 and $1,300 resp. Companies are also coming up for giving grants to brilliant students as they can fetch a bunch of good and hardworking employees at the very beginning only. Grants are also given by state government like Cal Grants from California State. If you belong from native America, Hispanic, Asian America and African America community, you can also get grants easily. Apart from the above groups, there is a special grant for women and if you have a child and want to pursue further education, there are high chances of you getting a grant.
However, keep a check on the following things:
1. Accrediting agency should accredit your school.
2. Keep all your legal and financial documents prepared.
3. Authorities are very smart so be real and don’t fool them.