The Controversial Classroom

Guide To Education Foundations

If you are considering attending an online college course than you probably know that funding your college tuition can be difficult, even when you are living on a tight budget! If you have not yet enrolled in a college or are about to begin your second year of study, you should probably consider contacting a local education foundation.

First, there are literally hundreds of education foundations throughout America and many of them operate using different principles.

Location Education Foundations

Location Education foundations are perhaps the most common type of education foundation. Foundations such as the Windham foundation grant money to local students from county, state or city in order to promote the higher education of the local area. This type of foundation usually aims to better their local community and will often donate money towards more objectives than education. On average, a grant from this type of institution will range above $200 and below $2,000.

Skill Education Foundations

Skill Education foundations grant money to students based on student skill. This type of foundation ranges from the Wool Association of America which grants up to $10,000 per year to a student studying something beneficial to wool to the Patrick Kerr Foundation which grants up to $10,000 for a skateboard enthusiast who is very good at their sport. Skill Education foundations generally grant money to the winner of some sort of competition and this type of grant can range anywhere from $500-full scholarship.

Learning Education Foundations

A learning education foundation grants aid to students who study a specific thing. In most cases this is conditional aid and can pay up to full scholarship so long as the student agrees to work in a high need area after graduation. Examples of learning education include the Sheep Heritage Foundation which offers up to $1,500 per year towards a student studying in a field that will benefit sheep or the American Association of Physics Teachers which offers up to $2,000 per year towards students who intent to become physics teachers. There are also a lot of other scholarships available for future teachers.

Need Based Education Foundations

Need based education foundations provide need based aid, this means that if you need aid and you are eligible than they will give you the amount of money you need or as much as they can afford. This type of foundation will often be based towards minority groups such as African Americans, Native Americans, Asian students and etc. Foundations such as this include the Learning Foundation and the African American Students Foundation.

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The Federal Pell Grant

 

The Federal Pell Grant is one of the most common grants given by the federal government to students. It is a very basic form of aid that is given to students simply because they have financial need and is therefore one of the easiest grants to earn.

Students who qualify for Federal Pell Grant

First, it does not matter if you attend a traditional on campus school or if you go to an online school, the Federal Pell Grant aims to help financially needy students achieve a higher education that they would not otherwise be able to afford.

A student who wishes to receive the Federal Pell grant should calculate their families expected income for the year and their EFC (Expected Family Contribution). Students should also figure out the yearly cost of tuition at their school and subtract their EFC from the COF (Cost of Attendance).  Generally, any students with an EFC of 5,700 or less will receive some aid as long as the COF is higher than the EFC. The greater the difference, the more money the student will receive.

How to Apply for the Federal Pell Grant

No matter what you’ve heard about the Pell Grant being hard to apply for, it’s not! It’s actually very easy to apply for the Federal Pell Grant and any other Federal Grants you might qualify for. All you have to do is go to the FAFSA (Free Application for Federal Student Aid) website and fill out your information. Be sure to have your tax info, identification, address and personal contact information handy because they will ask you for it. A few weeks later you will get a reply either by email or snail mail and you will know what Federal aid you qualify for.

Generally deadlines for application for the Federal Pell Grant lie between June and September first of the year you wish to attend school. You should check for your individual state as it is different for each state and most deadlines are within the first few weeks of June!

Amount of Money Awarded by the Federal Pell Grant

The Federal Pell Grant awards what is known as need based aid towards students. Depending upon your expected family income and your cost of attendance you will receive somewhere between $500 – $4650 for 2011 and an expected $500 – $5,500 for 2012.

Other Information on the Federal Pell Grant

If you want to apply for the Federal Pell Grant you should probably know that you will have to apply again for each year that you would like to receive the Pell Grant. Also, your eligibility for the Federal Pell Grant may change from year to year so apply again even if you were not eligible for your first year of college!

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