Monday, March 10, 2008

Todays Discussion-Could You Use Some Free Money For College For Your Kids?

In Todays Discussion, you know that with everything going up in price now days, A college education is no exception.

How much do you have set aside for your Child's College Education? College costs have exceeded $100,000 depending on the Institution.

There is a lot of financial aid available regardless of the cost. You can find a number of college assistance programs.

According to research, there is more than 150 million in money for scholarships that goes unclaimed each and every year.

Here is a place in Todays Discussion that can help you locate funds for your child's continued education.

Scholarships and more

I am aware of four primary sources of free money.

1. The College themselves. There are a lot of colleges that have scholarships and grants using their own funds. When it comes to state and federal awards, a college may serve as an agent to find the student that would be most qualified to receive the monies. What you would need to do is contact the financial aid administrators. They should be able to tell you what programs are available and how much the total cost of education would be.

Just about all high schools now days have guidance counselors who can steer your student in the right direction as far as financial aid would be concerned.

There are state programs that have some type of aid for students who attend college in the state of which they reside. Some states may even have award type of programs for students who enroll in out of state colleges. Most of these programs are in the form of scholarships. Ask your high school guidance counselor and whatever your states department of Higher education would be called.

State programs.

If you are going to become a teacher, there is the Paul Douglas Teacher Scholarship Program This scholarship program looks for outstanding high school graduates, whose ultimate goal is to become a teachers when they finish college. A student must be in the top 10 percent of their high school class, and they have to meet other requirements. I believe the requirements are the student has to teach two years of school for each year of scholarship assistance received.

You might find out if your State is eligible. Not all states participates in the Douglas Program(Scholarship)

For any other state programs, try a Google or Yahoo Search


The Federal Government.

Has what is called a Federal Pell Grant. This is available to undergraduates only. The amount awarded depends on the family contribution. The cost of Education at the school the student chose, the length of enrollment, and the student's enrollment status. From what I understand, A pell grant has a maximum award of $4,050.00

FSEOG- This is a Federal Supplemental Educational Opportunity Grant.

These are for students that have a real financial need.Priority is given to Federal Pell Grant recipients. Generally the amount awarded for this program is $4000.00

Contact your Federal Student Aid Information Center

You may also want to try private sources. These are generally scholarships awarded by unions, foundations, corporations, civic groups and other organizations. Check with your guidance counselor at your child's high school. Your local chamber of commerce may also have some scholarship information.

There are many specialty sources of free money for college also.

The Bureau of Indian affairs, American Council of the Blind, National Association of Realtors etc. etc. Just check with organizations that your child may be working with one day to see what is available as far as free money is concerned.

The Internet is a great source for doing this. You are only limited by the number of searches you care to make. Put your mind in School mode and see what is out there. Remember to start with the school guidance counselor both at the high school level and than the financial aid office that your child will ultimately attend.

Why don't you comment on what you have learned regarding today's discussion? You just might be able to help a reader with their school funding situation.

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