To get a college degree both online or on-campus requires financial capacity and If you have been putting off a formal education due to financial challenges, now is the time to apply for available grants for online students
Colleges across the U.S. increasingly provide online programs to satisfy the demands of distance learners. With benefits such as flexible schedules, online programs are a convenient learning option for students with existing work and family obligations.
With tuition fee averaging $21,950, a four-year public institution might cost you a lot. Most especially, online students who are on living and travel expenses still find the median $16,580 tuition fees for online degree.
It’s quite clear that you will need to have good finance to run these programs. Fortunately, there are some grants for online students that will help you reduce college costs.
Grants are a form of college financial aid that, subject to conditions, may not require repayment. They are open opportunities funded by different sources such as colleges, the state, and the federal government.
As there is an increase in distance learning, so does a deserving student’s need for an online college grants.
Types of Grants for Online Students College:
- Need-Based: They are usually offered by the federal government by providing either partial or full tuition coverage based on financial need. The gap between expected family contribution (EFC) and total cost of attendance will determine whether you qualify for these grants.
- Merit-Based: While the public opinion is that merit-based grants are strictly for straight-A students who have shown excellent skills, it is not always so. Do you volunteer and take on leadership roles for your hobby? Do you routinely take on projects reflecting an interest in a field? Your motivation and passion may qualify for a merit-based scholarship.
- Academic Departmental: Are you already acquainted with the academic discipline you want to commit to? Then you may have access to a specific trove of financial aid sources. Departmental grants are designed towards students majoring in a specific field. Looking within the department at your college can help narrow down your options (as well as keep the competition limited to your peers).
For example, if you plan on majoring in mathematics, you may want to check to see if there are any available grants for online students within the department by contacting the secretary of the school or your professor.
- Corporate: You can also qualify for rants for companies whether you are working with them or not. More common amongst large companies, these grants are usually available to (but not always limited to) employees, spouses/partners, as well as children of employees.
To get these grants, you should check out for major corporations with a foundation or endowment in its business structure (these can usually be used towards causes like grants for online classes). Even smaller local businesses might have scholarships or grants for online education. If you’re still in high school, speak with your guidance counselor, as they usually keep on top of all college related information, including funding for needy or talented students.
Most Common Online Students College Grants
The following are some grants that are accepted for online studies to make their online college education accessible and aid them in their supplemental funds with all the information given by these grant references.
- Pell Grants: This is a Grant that is primarily offered to students with poor income families, applying for their first bachelor’s degree, or enrolled in post-baccalaureate programs through 5,400 participating institutions. It is naked after Democratic U.S. Senator Claiborne Pell.
To determine the student’s Expected Family Contribution (EFC), Pell Grants have a standard formula in evaluating financial information stated by students on their FAFSA. Cost of attendance, duration of a participant in the college, whether if it is a full academic year, and if the student is full-time or part-time are considerations for the maximum amount of grant awarded to each recipient.
- GetEducated.com Distance Learning Scholarship: This grant is opened for applicants who have been enrolled in an accredited online degree or certificate program and possess a minimum 3.0 GPA, whilst demonstrating financial need. Successful applicants can receive up to $1,000 and the deadline is March and October.
- Federal Supplemental Education Opportunity Grant (FSEOG): Based on your FAFSA submission, you can also be eligible for an FSEOG if with the greatest unmet financial need. With this federal assistance, the maximum FSEOG given for an award year is $4,000 for each recipient and awarded on a first-come, first-served basis in their college of choice.
- Kansas Board of Regent: Qualified beneficiaries on this grant have amounts that depend on their needs and availability. State-sponsored financial aid includes programs such as Kansas Career Work-Study, Kansas Ethnic Minority Scholarship, Kansas Nursing Service Scholarship, and Kansas Comprehensive Grant. Their grant has given amounts ranging from $200 – $3,500 at the private institutions and $100 – $1,500 at the public institutions.
- Gemological Institute of America (GIA) Scholarships: GIA offers multiple scholarships for students enrolled in e-learning courses through the GIA Distance Education Program. The applicants must be U.S. residents and the award amount varies. The deadline varies also.
- HeadsetPlus.com College Scholarship: For this grant, the aplicants must be at least 16-year-old legal residents of the U.S. entering or enrolled in college with a minimum 3.0 GPA. Undergraduate and graduate students are eligible. The award amount is $1,000 and the deadline is December.