Claim the Free Government Grants and Complete Your College Studies.
Looking for the federal money to accomplish your college education? If you are a parent with a student in college, the Free Government grants could apparently suit your entire needs and prerequisites. Whether students show financial need or not, the federal government is the leading source of funds for students from different backgrounds.
Although quite a few people are fully aware of this, the federal government sets aside enough money for different grant programs. The money is meant to help students, especially those coming from underprivileged backgrounds, to successfully complete their studies and secure their career.
These little-known programs usually offer students with the following :
- Funds to finance undergraduate students studying criminal justice from the same department of justice
- More than 15,000 USD to fund diverse graduate studies that are directly related to the subject of housing and from the main Department of Housing & Urban Development
- The program sets aside more than 8,800 USD to finance the expenses and tuition fees for students studying nursing from the Department of Health & Human Services
- Students who study foreign languages from the Department of Education equally get the funding that amounts to 14,000 USD to successfully finish their studies.
Loan types - Apparently, there are different (direct) loans available for students. These include the following:
1. Federal Direct
Also known as Ford or Stafford loans, these are meant for students who demonstrate absolute financial need. These loans are intended to be supplied to students from extremely deprived backgrounds. Students need to demonstrate their need for money during the application so that loans can only be offered to those who are really in need.
2. Federal Direct PLUS Loans
The federal direct plus loans are typically made available for parents and guardians to fund their children’s education. Parents need to sign the application to benefit their students toward the completion of their college education.
3. Federal Direct Consolidation Loans
The federal direct consolidation loans, as the name suggests, often help in combining (or consolidating) numerous federal education loans to form one single loan. Usually, the amount available for one to borrow is exclusively dependent upon the status of the student along with the year of study.
Different repayment options are equally presented to allow the beneficiaries to repay their loan with absolute ease and convenience. For instance, the most viable payment option is the income contingent repayment plan, which most parents adore. The interest rates for different loans often vary every year.
Application
The application procedures along with the requirements often vary from one program to another. A number of programs typically accept applications one year, although a few others award cash to students annually. Similarly, there are those programs that require eligible students to direct their applications to their main funding bureau headquartered in Washington, DC.
Nevertheless, some programs distribute the funds to various local organizations. These organizations are required to allocate the funds to every individual student. Most of the programs, however, deposit the money directly into the school accounts, whereby each school will award or disburse the money to students. It is therefore imperative to request the listing of all schools that receive the money for distribution.
The entire list of all the available federal programs can be found in the Catalog of the Federal Domestic Assistance, which is found in most school and government libraries. The supposed catalog often lists the presented government loans and grants for students and parents to claim.
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