A grant includes a kind of student aid which essentially is free money. Unlike student loans, grants don’t have to be repaid unless a student attending a college degree online violates a grant condition, like if they make a school withdrawal. There are a number of available federal online college degree grants for broad array of students. The USDE (U.S. Department of Education) provides four kinds of grants for those pursuing an online bachelor degree: Federal Pell Grant; the grant, Teacher Education Assistance for College & Higher Education, or TEACH; as well as the grant, Federal Supplemental Educational Opportunity, or FSEOG, for individuals who want to pursue an online bachelor degree prepared to be school instructors within a high demand industry in an educational institution that is low income. Grants for individuals who want to pursue an online bachelor degree whose guardian or parent is deceased as a consequence of military service in Afghanistan or Iraq are also obtainable.
The quantity of funds awarded by those grants to those pursuing a college degree online depends upon your financial necessity, price of attendance, if you are attending an online college degree program full or part-time, and if you plan on going to an online college degree program for one complete academic year. For instance, the Pell Grant will award a max of $5,500/academic year, whereas the grant, Federal Supplemental Educational Opportunity, will offer individuals pursuing a college degree online from $100 to $4,000/annually. Conversely, the grant, Teacher Education Assistance for College & Higher Education, will offer up to $4,000/annually, yet individuals have to sign a contract stating that they’ll agree to work at an secondary or elementary educational institution serving those from families who are low income for a minimum of four years inside eight years of degree completion.
Kinds of Federal College Grants
The Federal Pell Grant
As with scholarships, this grant that awards up to $5,645, primarily is for undergraduates who haven’t yet completed the bachelor’s degree program.
This grant is given to undergraduates with the most financial need.
Afghanistan and Iraq Service Grant
As with scholarships, this grant is for those whose guardians or parents died as a result of Iraq or Afghanistan military service. The reward is equal to a Federal Pell Grant.
Such grants are provided to undergraduates prepared to teach high demand subjects, like math or special education, within an educational institution that is low income. The grant will award up to $4,000/year.