Accredited Distance Learning Degree Can Be The Road To A Better Future!
When a student starts considering going to college, usually the next thing they think about is how to finance it. Yes, they have heard of, and most likely applied for, the Pell Grant. It cuts cost considerably, either for on campus or online degrees. At the same time, even though President Obama pushed through a raise on the Pell, it’s only good for so much, and most schools tuitions far exceed that amount alone.
What many don’t realize is there is another federal grant, one that was actually created before the Pell. Since 1966, the Supplemental Educational Opportunity Grant, or the SEOG, has been handing out grants. Those who receive it can get as much as an extra $4,000 per year. In fact, last year the federal government gave out $700 million SEOG grants. The only program that gave out more was the Pell.
Like the Pell, an applicant must fill out a FASFA form to determine if they are entitled to an SEOG. This form will ask about not only their own, but particularly if they are minors, their parent’s or guardian’s financial condition. This will include income, expenses and any other factors that affect need. An important point is the same FASFA form is good for both the Pell and the SEOG.
From there, the applicant must meet the following criteria. First, the student must be a U.S. citizen. Next, the applicant’s Pell Grant must still be less than the school’s costs. This grant is only for students going for their Associate’s or Bachelor’s degrees. Another thing is the student must have acceptable grades both before matriculating, as well as during their academic career.
If the student somehow manages to be overpaid by the Pell, then he/she automatically loses the SEOG. On the other hand, if a student drops out for a time, he can still get SEOG money if deciding to go back. Another way to lose the SEOG is, after dropping out, the student winds up in default of any college loans they may have had.
Another thing is the money never goes directly to the student. Instead, the college sets up an account where the check is deposited. Where it gets fancy is when a term (whether it’s a semester or trimester) starts, the Board of Education issues a check through the college. Upon receipt, the applicant goes to the school’s bursar office and signs over the check. It is deposited to the account and provides the tuition payment in this manner.
Understandably, there can be a bit of confusion about all this. That’s why it’s always a good idea to do this with the assistance of a financial aid officer. They are quite proficient about the entire financial aid process, particularly when it comes to navigating the sea of paperwork and explaining it all as clearly as possible.
What’s important is when the Pell Grant doesn’t meet your educational needs; there is another grant program that can be an incredible supplement towards obtaining on campus or online degree education.? Of course, just because the SEOG is there with the college grants and scholarships doesn’t mean one shouldn’t look for more. They are out there if you look for them. For more information about free scholarships and grants, check the internet. ?