How can I apply for school grants?

Here’s a question we received not long ago…

I am married and have two kids now. I want to get in to school for Business Admin and I do not know how to get the grants. Can anybody help me in this? Thank you.

Most of the business schools award the grants on first come, first serve basis. Contact the financial aid office at the business school of which you are interested and get the details about all the financial options – especially those that you do not have to pay back. Business school grants are not heavily advertised, but it is always available for students who go for it. It is good to go for the school grants especially created for the business students.

You can fill out the FAFSA application. You have to fill it as soon as you can because this form determines your eligibility for the local, state, federal and for the college loans, grants, and scholarships. Many schools provide this form and you can get their assistance in the process. You can also get this form online from the official FAFSA website (www.fafsa.ed.gov). It is easy and fast to submit your FAFSA form online. If you need assistance, you can check out the help section in their website. Additional grant resources are available for minorities like Native Americans, African Americans, Hispanics, and women. All these school grants are merit based and you will have to submit a written essay along with the application form.

If you want to get Stafford loan, FFEL or else FFEL plus Loan then you have to fill out additional forms other than the FAFSA form. You will receive the Student Aid Report or the FAFSA results within four weeks, from the date of sending your application. This result will also be sent to the colleges that are mentioned in your application form. The financial aid offices in the college will use this FAFSA result for calculating the financial aid package applicable to you.

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If you are married, you will be considered as an independent student. Students over 24 years of age are considered as independent under the federal law. There are three categories of student’s dependent, independent students with dependent and independent students without dependent. The allowances and rates for each of these categories differ and they are determined based on your assessment. Pell grants are considered an attractive offer for non-traditional students and those who wish to return to school after marriage. To get a Pell grant you should demonstrate your financial need for schooling. This is mainly for students who pursue the bachelor’s degree for the first time but there are also some funding available for students who have enrolled for the post graduate programs. EFC is determined based on the student income.

You can also apply for Jane M. Klausman Women in Business Scholarship. Every year they select students in multiple categories and they are awarded $5,000. For this you have write an essay of 500 words. You should also have two recommendations, one from your academic adviser/supervisor/employer and the other from a professor. This scholarship is specially awarded for senior and junior undergraduate students who study business management.