Sources of Money for College

Federal Aid

As its name states, it covers money for college from our federal government and includes the most typical aid source sought by students going to online universities. All details associated with federal money for college is covered on the government’s website for students attending online degree programs: Studentaid.ed.gov. The main types of aid provided by the government include work-study, loans, and grants. Aid will be determined based upon the details students going to online colleges offer in the FAFSA application, which is needed by pretty much all United States post-secondary programs that decide a student’s aid eligibility overall.

State Sponsored Aid

Also, state governments provide their own financial support sources to students attending online universities; for this matter, the same might be said for municipal, city and county governments.

College Sponsored Aid

Online colleges themselves provide their share of resources for aid, usually in the form of work study, fellowships, grants and scholarships.

Private Aid

After you exhaust financial support from these three categories, you might discover that you still can’t afford your online degree. Option number one includes private organizations which award need-based and award-based grants and scholarships.

With the resources out of the way, let us now identify the kinds of online degree aid:

Grants

Grants include non-refundable aid that is awarded by organizations. Typically, they require a higher degree of accountability from a recipient than, perhaps, scholarships. Grants oftentimes require that a student attending online universities work in some capacity inside a specific program then formally report to an organization that distributes a grant.

Fellowships

Fellowships will refer to endowments or stipends which support students who attend online colleges that work inside a certain industry or in support of a specific research effort, oftentimes in support of the professor. A fellowship is nearly exclusively discovered at a graduate level.

Loans

Loans, the most typical source of aid, refer to borrowed sums which have to be repaid, with interest, according to the terms of the legal agreement between the borrower and lender.

Scholarships

Scholarships include non-refundable aid sources awarded by organizations for a number of reasons, like athletic ability, academic achievement, or financial need. Scholarships usually have basic requirements that students have to maintain, like GPA, to stay eligible for their money.

Work Study

Work study will refer to an organization, more typically the federal government, that arrange opportunities for part-time employment for students, which, as filled, will guarantee a specific wage level, and support students all throughout the program term. Work-study plans usually are only available for those on-campus for some part of the program.

42 Comments
  1. I am Eric Forkpah from Liberia, i have receive an invitation to do the phd admission test in Education administration at university of diliman in the Philippine by 2019 march 6. i need your sponsor ship.

  2. I work with the University of Ghana as an Administrator. I want to study Public Affairs either in Ghana or Abroad come next academic year and will be grateful if I am awarded scholarship to realise my dream. Thanks.

  3. I have 12 hctres of agricultural Land, boreholes, of which one produce 30lt of water per second and having 6 hacters of other land for feedlot, at Mashashane Mohlonong.

  4. I want to specialize in artificially intelligence. I am a computer engineer. I need a grant to study and know which is the best university that can prepare me. Thanks for your help

  5. I\’m Zinhle Dlamini doing my first year at University of Zululand on Nursing science. Am asking for a bursary or sholarship to further my studies..am coming from financial disabled community i really need help

  6. I wish to apply for a full scholarship from humanitarian. I am 24 years old and a Liberian by nationality. Haven completed my high school education with one certificate of west African examination council ( wAEC) and I was opportun to served as the valedictorian of our noble institution. I want to enter university but I am lack of financial aid and I have also apply for a lot of scholarship on line but it\’s all the same money issues. Please help me . hopping that my comment will be considered, I look forward to reading from you soon. Yours faithfully

  7. Please I am Emmah Gibson from Nigeria, I need support to further my career in UK. My father is not working and my mother is a petty trader.I just finished school of Nursing and I need to go further. My email is emygibs@gmail.com

  8. pliz am frazer simukoko from zambia am looking for a schoolarship am at evelyn hone college first year student studying creative and digital media

  9. My name is Unathi Kata. l passed matric 2016. My mother is not working. She can\’t afford to pay school fees. l want teaching.

  10. I need a bursary to study I\’m admitted at uct I passed my matrik last year and I\’m also admitted for accommodation I passed with three distinctions in mathematics,physical science and life sciences please any one who can help me before the 3rd of march2017 here is my email : sinesiphosomwahla97@gmail.com. please

  11. I am a student studying for a 100% online MSc. in Project Management at the University of Liverpool, UK. I lost my job few months after the commencement of my course and I could not pay my school fees, please help me conclude this programme. Thank you.

  12. i kindly request for scholarship to do my masters degree in theology.. for any religious institution willing to aid me, your kindly welcome.. God bless you.. i want to start next year

  13. I am a 28year old single mom of one 3year old boy,unemployed desperate to get educated for my son to have better tomorrow. My matric results confirms that i qualify for diplpma.i would love to study in the field education.

  14. i really need a scholarship i come from a poor country, help me i really want to study abroad and God will bless you if you help me with that.

  15. Am an orphan i completed A level but i have no money to finish my education am looking forward for your assistance. Thank you

  16. Just kindly requesting for money towards my studies at Kenyatta University pursuing bachelor of education science maths/physics. For more details my number is 0703317691

  17. jude mmonyi. what are the popular courses in the field of networking system security . i need to no if the course is study in aboard

  18. I am student of msc microbiology in mgsu ,bikaner(rajasthan) i belong to poor family and i requried money for study in post graduates

  19. Irum Niaz
    I am student of class 10th I want become a CSS officer and i need financial help for further studies,My father can not afford my studies ,he is a mobile repairer and he earns 2 or 3 hundred rupees per day and he can not afford my tuition its very difficult to afford my studies . kindly help me for my studies.

  20. sources of money can be obtained through students doing part time business activities like using computers for printing , typing , and providing networking services to enhance growing of the nation.

  21. kindly help me fund my school fees to enhance my studies, kindly help, am in the university a second year pursuing bachelor’s of sciences physics. thank you

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