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College Scholarship Money

One of the biggest concerns facing potential college students is trying to find college scholarship money. With the ever increasing cost of a college education, financial aid has become a major focal point for many people.

 

College scholarship money can be found in a number of different places. Probably the most sought after programs are through government funding. There are a number of different programs available to those wanting to further their education. Here is just a brief list of some of the programs that are available.

 

Federal Pell Grant – The Federal Pell Grant is probably the most sought after and well known out of all the government financial aid programs. This federal grant program is funded by the U.S. Department of Education and is usually awarded to undergraduate students that haven’t earned a bachelor’s or graduate degree.

 

The maximum grant amount for the 2008-2009 year is $4,731 and will increase to $5,400 by 2012. Students who require smaller amounts will receive less. Pell Grant money can be used for tuition, fees and educational expenses such as textbooks and materials for school.

 

The Pell grant is such a popular form of college scholarship money because it doesn’t have to be repaid like a loan.

 


Federal Supplemental Educational
OpportunityProgram (FSEOG) – The FSEOG program is another government based program that provides need-based grants to low-income undergraduate students to promote access to postsecondary education.  FSEOG awards range from $100 to $4000 a year. This amount is determined by the school’s financial aid office. However, not all schools participate in the FSEOG Program.

 

This is just an overview of the different college scholarship money programs that are available to those wanting to further their education. Use this site as a resource to find a financial aid program that is suited to your needs.