College Grant Partnerships That You Can Benefit From

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Knowing about grant awards can mean more financial aid opportunities for you. Many students and families might not think about where scholarship or loan repayment money comes from. Many might not care where they get their financial aid. In instances where scholarships are intended to help fill future career demands through traditional or online degrees, however, students and families might find more college scholarship money is more readily available.

Scholarship Money That Comes From Grants

When colleges and universities provide scholarships to study with them, that scholarship money sometimes come from grants. Public and private agencies award colleges and universities throughout the United States grants that these institutions in turn use to recruit students, help existing students to continue studies and more. Several colleges and universities this year have also formed partnerships as a means of helping transfer students with associate degrees more easily afford continued traditional or online classes toward a bachelor's degree. Some also are repaying a portion of student loans - or forgiving students of their loan debts.

Thanks to $3.7 million in US Department of Education grant money, students at a university in the Northeastern United States have more scholarship opportunities. The Washington-DC based institution plans to offer these scholarships as part of studies within its Graduate School of Education and Human Development, according to an announcement from the university. Some scholarship beneficiaries would be trained to teach students in what's known as "high poverty" schools, the university announcement noted.

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Opportunity, Leadership and Transfer Scholarships

A university in Georgia, on the other hand, was provided a $2.4 million Goizueta Foundation gift that's intended to expand scholarships provided to students with financial needs who are fluent in Spanish. According to a July announcement from that college, students who are fluent in Spanish comprise the fastest growing portion of college-age students in the state. The grant money is to benefit Opportunity, Leadership and Transfer Opportunity scholarship programs over the course of seven years.

The difference between these scholarships has to do with who qualifies. For example, freshmen students with financial needs might consider the opportunity scholarships that they can renew. Students who have obtained associate degrees and might not otherwise be able to pursue bachelor's degrees might look toward that Georgia institution's transfer scholarships. In order to qualify for leadership scholarships at that college, students would have to demonstrate academic achievement and more, the announcement from the institution suggested.

Loan Forgiveness Programs

In Indiana, students who obtain loans from the Questa Foundation could have as much as 75 percent of those loans forgiven by at least one college. The Questa Foundation provides student loans of up to $20,000 for four years and forgives 25 percent of loan balances immediately after graduation in instances where students graduate with a minimum 2.75 grade point average. Then, about five years after Questa scholars graduate, the foundation forgives another 25 percent of the loan balance in instances where that student lives and works in certain parts of Indiana. Now, this college is pitching in - by partnering with the Questa Foundation and paying another 25 percent of a Questa scholar's student loan balance after that student graduates.

It's not uncommon for colleges and universities to provide students with scholarships for specific studies. In many instances, these scholarships also are paid for with help from federal grants. A university in New Orleans is now reducing student loan debt by as much as 85 percent, thanks to a federal grant intended to boost the number of professionals in a certain area.

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Stay Aware Of Financial Aid Partnerships For More Opportunities

The loan forgiveness program is offered through that institution's school of nursing. It's provided with help from a $423,000 federal Nurse Faculty Loan Repayment Program grant, and it's intended to help alleviate a shortage of nurse educators. The student loan forgiveness program accomplishes this by paying as much as 85 percent of a student's graduate degree loans in exchange for that student working as a nurse educator full-time for four years. The federal government also provided this university's nursing school $124,000 that's to be applied to graduate students training to become primary care providers, according to an announcement from that institution.

Many students and families might not think about where scholarship or loan repayment money comes from. Many might not care where they get their financial aid. In instances where scholarships are intended to help fill future career demands through traditional or online degrees, however, students and families might find more college scholarship money is more readily available.

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Since 1971, Inner-City Scholarship Fund has invested in the education of more than 116,000 students who live in some of the poorest neighborhoods. Today, 99% of our high school seniors graduate and of these 95% go on to college.

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