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TOPIC: Kids And Teens

TITLE: Money for College '“ Where Is It and How Do I Get It?

Article:

Money for College '“ Where Is It and How Do I Get It? by: Vanessa McHooley

College is expensive '“ but money is available to help you pay the way! By doing a little research and filling out a few forms, you can find money through scholarships, grants, loans, and tuition assistance such as work study.

Scholarships

There are more than one million scholarships available each year to reward students who have distinguished themselves academically, athletically, musically, or in some other way. Scholarships pay for some or all of a student's college costs through cash or tuition reimbursements.

The primary government counterpart for scholarships is the Reserve Officers' Training Corp (ROTC) program. Through ROTC, military branches offer full scholarships to students who agree to serve in the military for a certain number of years after graduation. Religious groups, professional associations, and civic organizations are other sources of scholarships.

Grants

Grants are financial aid awards that do not need to be repaid. There are Federal, state, and private grants available.

Federal: There are two main types of Federal grants:

The Pell Grant is the largest federal grant program. It provides up to $3000 per year based on financial need

The Federal Supplemental Educational Opportunity Grant provides from $100-$'4

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