Grants and Scholarships in Education
In today’s world it is very common to obtain financial aid to assistant paying for college or attending a university. Grants and Scholarships are the best as it is money you will most likely never have to pay back. If you are not able to obtain any grants or scholarships to help you pay for your education there are still other alternative sources of money available such as financial aid via student loans.
- Federal Student Aid for College or University - The U.S. Department of Education provides grants, loans, and work-study opportunities to eligible students attending participating colleges or career schools. The Department is the source of nearly 70 percent of all student aid awarded in the U.S. each year. The vast majority of the Department's aid is not based on academic merit. For further information and an online application, visit the Department's Web site at www.studentaid.ed.gov.
- Federal Trade Commission - Don't fall prey to scholarship scams. According to the FTC's website, there are several tell tale lines to watch out for such as:
- "The scholarship is guaranteed or your money back."
- "You can't get this information anywhere else."
- "I just need your credit card or bank account number to hold this scholarship."
- "We'll do all the work."
- "The scholarship will cost some money."
- "You've been selected by a 'national foundation' to receive a scholarship" or "You're a finalist" in a contest you never entered.