Think You Can't Afford Going Back to School?
If you want to go back to school but don't think you can afford it, you may be excited to learn that a wide range of college grants, in amounts up to $7,395, may be available to help you get back into school and finish your degree if you qualify. Returning to complete your education can benefit you in many ways. It can qualify you to enter a new career field, enable you to apply for higher-paying jobs, or help you progress further in your chosen career field.
How to Find a Grant for College
Many Americans may be able to qualify for these college grants, which can net up to $7,395 for the 2022-2023 award year (July 1, 2023, to June 30, 2024). This college grant money can be spent on useful education-related costs like books, tuition, housing, and even child care. Unlike loans, these government education grants are given based on your qualifications and do not have to be repaid. Many people use these grants for college to enroll in online education courses and degree programs, which tend to be more flexible and can often be fit around work, family, and other personal commitments.
Although many people are able to qualify for these grants, few are taking advantage of them. Why? Because they are unaware of their existence. If your annual income is below $80,000 and you haven't finished a bachelor's or professional degree yet, there is a chance you could qualify for this year for a grant and get back on the road to finishing your college education. If you're interested in getting back into school and you're not sure where or what to study, use this free online tool and see what is available to you.
Is It Worth Going Back to School?
Pursuing further education can pay off in many ways. The US Department of Labor's research shows that having a Bachelor's degree can increase your earnings by an average of $26,104 per year. That salary difference starts to add up quickly and can really make a difference in yours and your family members' lives.
How To Apply For a College Grant
Applying for college financial aid is relatively easy so it's worth taking a look to see what might be available to you based on the qualifications (see below). Once you've read the grant qualifications, you should have a good indication of whether or not you would be eligible to receive college grant money. Before you can actually learn how much financial aid you would be qualified for, however, you must fill out the FAFSA form (by visiting the Federal Student Aid website) and be enrolled in or accepted by a school. Once you've been accepted, you can officially learn how much money you could receive.
As you're trying to find the ideal degree and school for you, take a look at classesandcareers.com. They will help you find a degree program and school that works for you - the school will then help direct you toward getting the greatest amount of financial aid possible based on your qualifications. The school's reputation and institutional success are directly tied to your academic success as a student and future graduate, so it is in their best interest to facilitate your pathway through financial aid and graduation.
Grant qualifications are based on the following:
- your financial need
- your cost of attendance
- your status as a full-time or part-time student, and
- your plans to attend school for a full academic year or less
Financial Aid Tips
Have you been put off finishing your college degree because of high costs or your long list of competing priorities? If so, it's worth taking a look at online colleges, degrees, and courses - they are just as credible as traditional schools, degrees and courses, they offer greater flexibility, and any financial aid you receive can be applied to them. You can also start at any time of the year, allowing you to more easily coordinate with work, school term times or other impacts that might influence the availability of your time or income.
Here are the simplified steps for getting financial aid:
- Determine the degree program and school that will fit your career goals. Use free and quick online tools like the one offered by classesandcareers.com.
- Apply and get accepted to the school of your choice.
- Fill out a Free Application for Federal Student Aid form online and apply for a share of the approximate $130 billion given out to US students each year.
- Depending on your circumstances, apply for additional school financial aid and scholarships.
Don't put off your earning your degree any longer! See what kind of financial aid you can qualify for by finding a school and degree program that meet your career goals, and then apply for a financial aid grant.
Get information about different schools and degree programs today on classesandcareers.com.
Additional Grant Information
The median usual earnings of bachelor's degree recipients working full-time year-round (52 weeks) are $24,336 more than the median earnings of high school graduates. Source: https://www.bls.gov/emp/chart-unemployment-earnings-education.htm
Undergraduate students who are in need financially, who have not earned a bachelor's or a professional degree, and who meet other qualifications can qualify for up to $7,395 in funding annually. Source: https://studentaid.gov/understand-aid/types/grants/pell
According to the Bureau of Labor Statistics data that was published in 2019, persons with a bachelor's degree earned a median salary 67% higher than those with only a high school diploma. Source: https://www.bls.gov/emp/chart-unemployment-earnings-education.htm
As of September 2019, median weekly earnings of full-time wage and salary workers age 25 and older with less than a high school diploma were $592. The median for workers with a high school diploma only (no college) was $746 per week, and the median for those with at least a bachelor's degree was $1,248 per week. Source: https://www.bls.gov/emp/chart-unemployment-earnings-education.htm
You can fill out the Free Application for Federal Student Aid (FAFSA) form, here.
2020 requested total federal student aid budget was $195 billion: https://www2.ed.gov/about/overview/budget/budget20/budget-highlights.pdf.
2019 total delivered federal student aid was $121.8 billion: https://www2.ed.gov/about/reports/annual/2019report/fsa-report.pdf.
