Saturday, December 24, 2011

Three Important Things You Must Know About Minority Grants for College

If you belong to the monitory community such as the African American, Hispanic or the American Indian community, you can apply for ethnic minority College grants to fund your education. There are other non-ethnic minority grants as well for individuals who have disabilities or for women.

Both federal and private bodies offer Minority grants for college education every year. Moreover, millions of dollars are offered annually in grants for minorities to pursue different levels of degree programs including:

    Undergraduate
    Graduate
    PhD

Never the less, these College grants are made to allow minority students a chance to pursue any education without the constraints of funding. Several grants are made to support minority students who have demonstrated continual commitment towards their cultural community in order to guide them to improve their social status.

Important points you must know

Before you apply for Minority grants for college, you must know the following points.

    The Free Application for Financial Student Aid (FAFSA) is the most significant resource for you to apply for minority College grants. You can visit FAFSA's website to get information on a wide range of financial helps including grants. This can include:
    Grants
    Loan
    Scholarships

The Federal Student Aid is a part of the Department of Education and it annually processes more than 14 million applications. And, the funds are funded by the federal government to help students from all communities to pursue education higher than the high school.

2. The Minority grants for college are divided into:

    Undergraduate education
    Graduate education
    For women

And, there are further sections for minorities who want to pursue college education in specific field like:

    Medicines
    Engineering
    Computer science
    History
    Ethnic studies

These grants can be availed by minority students such as high school seniors who are going to college, and undergraduate and graduate minority students.

    Most of the College grants for minority students are either need-based or merit-based. You would have to provide relevant information while applying. And, this includes your financial information including your income and tax details comprising of:
    Federal tax return
    W2
    Value of Stocks and bonds