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Tuesday, February 24, 2009

Common Misconceptions In Getting Government Grants

By Chris Channing

Students everywhere are now taking advantage of the generous offers of the government in helping benefit students in their time of financial need. But along the way, there have been rumors and mysteries that students have often wondered about. To improve chances of getting ahead and getting the money needed for college, it's good to know the facts from the fiction.

Although it is true that some government grants function on a need-based scale, this isn't always the case. Middle class families that are just out of the poverty sector, but still not wealthy enough to afford college, are said to be without options. This may have been true in the past, but today the government has expanded opportunities with the Pell grant and others to encompass everyone who needs the money.

Grade point average, or GPA, and test scores on the ACT or SAT are also not so important as some would think. In fact, government run programs such as FAFSA don't even take such things into consideration when calculating how much money a student should receive when applying to a college. As far as the government is concerned on this standpoint, all those who wish to obtain higher education should be able to.

Some don't even bother filling out government grant forms because they think they will have to pay the money back. In reality, few government-run programs will function based on a loan model. Instead, grants are more often considered as "gifts" rather than a long term loan. As such, one shouldn't be afraid to apply for a grant because they don't like taking on loans.

Another thing to consider is the fact that deadlines are much sooner than what most would think. Students are renowned for their procrastination, but this is one thing that shouldn't be put off. Most deadlines for government run programs will end in February through March, of course with some variations. It's usually best to fill out everything as soon as possible, usually when taxes are done so up to date financial information is available.

Paying for college is a tough thing to go through. Indeed, it is quite stressing without a little help from outside sources. While you should rely on the government for some help, don't expect the government to pay the full bill. Grants are usually designed to lessen the burden, not pay the full tuition of the applicant. Instead, consider other scholarships in addition to a grant.

In Conclusion

The Internet is a helpful tool in finding out more information. Try going on government-run websites to get a clear picture of what you'll need and what you can apply for. If you need help, try consulting a financial aid consultant at your university.

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