Posts Tagged pell grant
Increases in Scholarship and Financial Aid Amounts!
Tuition increases and Scholarships
It is amazing how much is going on in the world of college education. States are cutting budgets college are losing faculty at an alarming rate. What that means in terms of college finances is an increase in tuition prices. Even though most colleges are raising their tuition, every student won’t be negatively affected.
Effects tuition has on scholarships
In schools that raise tuition, scholarships and financial aid won’t necessarily be negatively affected. If you are receiving federal funding for example a Pell Grant, the amount of that award will be significantly higher to compensate for tuition increases. The bad news is if you are using a student loan or scholarships that come from contest or are awarded for specified amounts, then that amount will remain unchanged. Another positive thing from tuition increases is a larger educational tax credit for you if you are independent or your family if they are claiming you…hint fill out a FAFSA as soon as possible.
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Federal Financial Aid for Nontraditional Students
Nontraditional students earning nontraditional credentials from nontraditional schools may think their financial aid options are limited. Think again.
The Basics
Here’s the truth: Federal financial aid is available to those enrolled in eligible programs at accredited schools that participate in federal financial aid programs.
Let’s break that down. An eligible program is one that leads to an academic, professional, or vocational degree or certificate, or other recognized educational credential. You read right — nontraditional students enrolled in trade schools and certificate programs qualify!
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