Grants and Scholarships Cary NC

Grants and scholarships help students cover college costs without incurring further debt. Here's where you can find that free money for college funding.


1 . Local Companies

Reliable Loan & Jewelry
919-832-3461
307 S Wilmington St
Raleigh, NC
Elite Value Cards Inc
(919) 572-6768
4837 Nc Highway 55
Durham, NC
Bank of America
(919) 680-8871
4811 Hope Valley RD
Durham, NC
Beneficial
(919) 490-5151
4711 Hope Valley Rd
Durham, NC
Arrow Pawn Jewelry Audio Check Cashing & Loan
919-821-0001
2421 Crabtree Blvd
Raleigh, NC
1st Choice Financial
919-873-9332
3901 Capital Blvd
Raleigh, NC
Fidelity Acceptance
(919) 620-0464
1335 Hamlin RD
Durham, NC
American General Finance
(919) 477-0309
3808 Guess RD
Durham, NC
Countrywide Home Loans
(919) 388-3133
2000 Regency Pkwy Ste 140
Cary, NC
Bank of America
(919) 829-6522
1931 High House Rd
Cary, NC

2 . Grants and Scholarships

Educational grants and scholarships are the best kind of financial aid, for one simple reason: it's free money. Always a more popular option than student loans, grants and scholarships support students who demonstrate academic merit and/or financial need.

Where Can You Find Grants?

Educational grants and scholarships are funded by federal and state governments, colleges and universities, and private sources. Some grants and scholarships are based solely on merit, while others are based on financial need. Some grants and scholarships take into account factors such as major or ethnicity.

Financial Need

Many need-based funding programs use one of two general financial aid applications: the FAFSA (Free Application for Federal Student Aid) and/or the College Board's CSS Profile. By filing one of these forms, you will automatically be considered for all federal grants, most institutional funding, and some private grants. These programs are generally administered through your school's financial aid office.

Academic Merit

Merit-based scholarships often require additional application materials designed to demonstrate academic achievement. In addition to test scores, high school grades, and a list of academic honors and activities, you may be required to submit letters of recommendation and a personal statement.

Federal Grants

Federal Student Aid funds the following four grants:

Pell Grant. The Pell Grant is the foundation of the federal student aid
program. It provides up to $4310 per year to undergraduate students who demonstrate
financial need.

FSEOG. The Federal Supplemental Educational Opportunity Grant supplements the
Pell Grant for students with the greatest financial need, with awards up to $4000.

Academic Competitiveness Grant. The Academic Competitiveness Grant rewards
students who successfully completed a rigorous high school program. The ACG supplements
the Pell Grant, with a maximum award of $750 for the freshman year of study, and up to
$1300 for the second year of study.

National SMART Grant. Also known as the 'National Science and Mathematics
Access to Retain Talent' Grant, this supplement to the Pell Grant provides up to $4000
each year for third and fourth year undergraduates majoring in certain fields. If you
are pursuing a degree in physical, life, or computer sciences, mathematics, technology,
engineering, or a high-demand foreign language (such as Arabic), you may be eligible
for a SMART grant.

Academic Grants & Scholarships

Many institutions fund their own scholarships. Consult the financial aid office and the school's Web site to determine application procedures.

Private Scholarships

Some private scholarships are administered by the school's financial aid office, but for the most part you'll have to contact and apply to the funding organization directly. It may take some legwork to find scholarships--contact local community groups, religious groups, and businesses, and you can also search online at free scholarship Web sites.
Grants and scholarships offset college costs without increasing your student debt. Make sure you pursue all available sources of college funding--federal, state, institutional, and private. In many cases, a FAFSA is all it takes to qualify for 'free' money for college.


Author: Sonja Albrecht

Source(s)
BankRate.com
http://www.bankrate.com/brm/green/college/basics4-4a.asp

The College Board
http://www.collegeboard.com/student/pay/scholarships-and-aid/8936.html

Federal Student Aid
http://studentaid.ed.gov/PORTALSWebApp/students/english/NewPrograms.jsp

Peterson's
http://www.petersons.com/finaid/file.asp?id=780&path=ug.pfs.financial

Princeton Review
http://www.princetonreview.com/grad/finance/articles/tools/basics.asp

3 . 2009 Stimulus Plan

Starting in the 2009 tax year, under the American Recovery and Reinvestment Act (ARRA), more parents and students will qualify over the next two years for a tax credit, the American Opportunity Credit, to pay for college expenses.

The American Opportunity Credit is not available on the 2008 returns taxpayers are filing during 2009. The new credit modifies the existing Hope Credit for tax years 2009 and 2010, making the Hope Credit available to a broader range of taxpayers, including many with higher incomes and those who owe no tax. It also adds required course materials to the list of qualifying expenses and allows the credit to be claimed for four post-secondary education years instead of two. Many of those eligible will qualify for the maximum annual credit of $2,500 per student.

The full credit is available to individuals whose modified adjusted gross income is $80,000 or less, or $160,000 or less for married couples filing a joint return. The credit is phased out for taxpayers with incomes above these levels. These income limits are higher than under the existing Hope and Lifetime Learning Credits

Click here to read more from irs.gov

Click here for application form

4 . Featured Local Company

Reliable Loan & Jewelry

919-832-3461
307 S Wilmington St
Raleigh, NC
http://www.reliable.citysearch.com

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Related Articles
- How To Apply for Federal Education Grants Cary NC
To apply, you will fill out the Federal Application For Student Aid, which every accredited college and university requires. The Pell Grant is based on economic need, and you will be notified through your university if you quality.
- Online Scholarships Cary NC
- Financing Higher Education Cary NC
- Private Scholarships Cary NC
- Securing Funding for an Online Degree Cary NC
- Student Financial Aid Options Overview Cary NC
- How To Apply for Teaching Scholarships Cary NC
- Federal Pell Grants Cary NC
- How to Find Money for Graduate School Cary NC
- How To Find Scholarships Cary NC
Related Local Event
Student Ministry Summit
Dates: 9/22/2009 - 9/22/2009
Location: Southeastern Baptist Theological Seminary
Wake Forest, NC
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