Welcome to Education Grant Guide
Bank One Education Loan Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Free Money – The College Education Grant
from:With today’s high costs of attending college, many students are finding it difficult to finance their own education. Even getting a part-time job often doesn’t cut it and many students can’t balance a full-time job and academic demands. For individuals who need monetary help to attend college, there is Federal aid that comes in two forms: self-help and gift. The first allows you to borrow money through loans or work for the money through the work-study program. The latter is just what the name implies: a gift. And gifts don’t have to be repaid.
Fortunately, the US Federal government is not the only organization that realizes the need for educated citizens and the difficulties some citizens have in getting educated. Many other organizations offer aid as well. This aid comes in the form of a college education grant.
The great thing about a college education grant, like the majority of grants and unlike student loans, is that you don’t have to return the money. A college education grant is based mainly on need (though there are some that are merit-based as well), and it is highly competitive. These grants won’t necessarily cover all costs of an education, but they can be a big help. Grants of this nature can be donated by the federal or state government, non-profit organizations, academic institutions, research institutions, funding institutions, corporations, or private individuals.
The college-bound should start researching college education grant opportunities early, say junior year of high school, and also start saving up money for the costs that the grant will not cover, such as textbooks. A FAFSA (Free Application for Student Aid) form should be filled out by anyone who wishes to attend post-secondary education because the information on this form is forwarded by the department of education to the state assistance agency in the state where a student applies. Often, a student can be eligible for more than one grant and some scholarships. Many grants are donated on a first-come first-served basis, so it’s best to get applications in early.
Two of the most popular and well-known need-based grants are the Federal Pell grant and the Federal Educational Supplemental Opportunity grant.
* The first is a college education grant often used as a starting point on top of which students add other grants or scholarships. This grant is for undergraduate students only, and is often further limited to students who do not already have a bachelor’s degree (though there are some exceptions), and money given ranges from a few hundred to a few thousand dollars. The donation of the grant is based on need, cost of attendance and whether a candidate is a full-time or part-time student.
* The second college education grant involves money given to students who are especially in need. Both the Federal Pell grant and this grant can be given to the same student, though the money donated through this grant is reduced if a student is receiving other types of aid.
There are a variety of other types of grants donated by a variety of organizations which come with more restrictions than the above mentioned grants. Conditional grants, for example, may entail a student undertaking a particular course of study or maintaining a particular grade point average to be eligible. Some grants given by universities or local organizations have residency requirements as well.
To find out specific information about specific college education grants, there are a number of sources to which an aspiring university student may turn. A local library or a high school counselor’s office is an excellent place to start. On the web, an internet search with the words “college” and “grants” could be useful, while there are some tried and true sites such as finaid.org, collegeanswer.com, and the Michigan State Library website that are excellent sources for college education grant information.
Bank One Education Loan News
Restoring the middleman to higher education - msnbc.com (blog)
 The Associated Press | Restoring the middleman to higher education msnbc.com (blog) By Steve Benen One of the overlooked accomplishments of President Obama's term is the reform of the student-loan system -- an effort that was decades in the making, but had been blocked by Republicans and bank lobbyists until 2010. Romney's Higher Ed Platform |
New Book Warns Student Loans With Over $1 Trillion are Likely One of the Next ... - San Francisco Chronicle (press release)
 U.S. News & World Report | New Book Warns Student Loans With Over $1 Trillion are Likely One of the Next ... San Francisco Chronicle (press release) What is more, our Congress drove the getaway car for academia and the banks in 2005 with the Bankruptcy Abuse and Consumer Protection Act of 2005-which turned student loans into non-dischargeable debt." According to the Department of Education, ... Student rate hike, not in our interest |
Barclays bids to fill the postgraduate student loans gap - Times Higher Education
 Times Higher Education | Barclays bids to fill the postgraduate student loans gap Times Higher Education By John Morgan As bank talks to BIS, critics ask how a 'risk-share' plan will further fair access. John Morgan writes One of the UK's biggest banks has put forward to ministers a proposal for a postgraduate student loans system based on a "risk-share" ... |
Wells Fargo Soft Sells Student Loans Through Social Media Forum - The Financial Brand
Wells Fargo Soft Sells Student Loans Through Social Media Forum The Financial Brand “We've created this community so you can get questions answered – and provide helpful information to others,” the bank explains. The community is built on the structure of a classic online forum, one of the oldest forms of social media dating all the ... |
SBA head sees beyond loans to help business - The Tennessean
 Entrepreneur | SBA head sees beyond loans to help business The Tennessean Susan Walsh / File / Associated Press Associated Press EDUCATION: Bachelor's degree in economics, MBA from Harvard University. CAREER: Worked for and owned private equity firms that bought and invested in small businesses. Was a founding partner in ... What Owners Are Really Saying at Small Business Week |
Despite Concern, Banks Give Student Loans the Old College Try - Wall Street Journal
 Wall Street Journal | Despite Concern, Banks Give Student Loans the Old College Try Wall Street Journal The bank started to make student loans in 2009, and the retrenching of some banks made the decision to expand easier, Mr. Coughlin said. "Some of the students who banked with us were able to get a loan to one school but not the other" because RBS ... RBS Citizens expanding student loans business |
Jordan Tabach-Bank of Beverly Loan Company Stars in New Discovery Channel Series - PR Web (press release)
Jordan Tabach-Bank of Beverly Loan Company Stars in New Discovery Channel Series PR Web (press release) Jordan Tabach-Bank, CEO of Beverly Loan Company, is one of four rival dealers featured in a new television series presented by Discovery Channel. The show, FINAL OFFER, which is a new twist on the pawn/auction genre, premieres Thursday, May 31 at 10 PM ... |