Are you preparing for the next chapter of your academic career? College and university alike provide numerous opportunities to those that are willing to learn and would like to achieve more in the future. To do so, you will have to account for the expenses, which is where financial aid comes into play. This comes in many forms, with some being more common than others. According to Robert Jain, here are the 4 forms of financial aid that are applied for the most.
Grant - Depending on what group you fall into, or what your unique situation entails, you may be eligible for a grant. Not only do those that receive grants not have to pay back what they earn, but they can provide significant financial aid as well. Keep in mind that the competition for these is fierce, which is why names like Bob Jain recommend applying as early as possible. This will increase your chances of securing this type of financial aid.
Scholarship - Whether you're a student with exemplary grades or a school athlete with a stellar background, a scholarship may be within reach. Much like grants, the competitive nature of scholarships is intense. Another shared similarity is that they don't have to be repaid, which is one of the reasons why this level of competition exists in the first place. Research scholarships that you may be eligible for and put in the effort so that you stand a chance of earning it.
State Aid - When it comes to forms of financial aid that must be paid, state aid is a good place to begin. Not as many students apply for this compared to financial aid, which is due to a couple of reasons. Keep in mind that students that apply for state aid will have to pay it back sooner. Additionally, the rules regarding this type of aid may be different depending on your location. Keep this in mind when researching so that you have accurate information to work off.
Federal Aid - This is the most common form of financial aid that students apply for, and it's likely that you will apply for it as well. In fact, did you know that billions of dollars in aid will be provided by the government on a yearly basis? For students that plan on applying, understand that the amount you take out will vary depending on your campus and how much tuition you'll ultimately have to cover. Research matters when it comes to federal aid.
Grant - Depending on what group you fall into, or what your unique situation entails, you may be eligible for a grant. Not only do those that receive grants not have to pay back what they earn, but they can provide significant financial aid as well. Keep in mind that the competition for these is fierce, which is why names like Bob Jain recommend applying as early as possible. This will increase your chances of securing this type of financial aid.
Scholarship - Whether you're a student with exemplary grades or a school athlete with a stellar background, a scholarship may be within reach. Much like grants, the competitive nature of scholarships is intense. Another shared similarity is that they don't have to be repaid, which is one of the reasons why this level of competition exists in the first place. Research scholarships that you may be eligible for and put in the effort so that you stand a chance of earning it.
State Aid - When it comes to forms of financial aid that must be paid, state aid is a good place to begin. Not as many students apply for this compared to financial aid, which is due to a couple of reasons. Keep in mind that students that apply for state aid will have to pay it back sooner. Additionally, the rules regarding this type of aid may be different depending on your location. Keep this in mind when researching so that you have accurate information to work off.
Federal Aid - This is the most common form of financial aid that students apply for, and it's likely that you will apply for it as well. In fact, did you know that billions of dollars in aid will be provided by the government on a yearly basis? For students that plan on applying, understand that the amount you take out will vary depending on your campus and how much tuition you'll ultimately have to cover. Research matters when it comes to federal aid.
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Would you care to learn more about financial aid? Consult Bobby Jain for information.
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