Essential Guide to Online College Grants Every Student Should Know
Discover the key types of online college grants including need-based, merit-based, departmental, corporate, and professional association grants. Learn how to qualify and apply for financial aid to support your online education journey. This guide offers valuable insights to help students access funding opportunities and alleviate financial burdens associated with college studies.
Essential Guide to Online College Grants Every Student Should Know
Financial aid in the form of college grants provides students with funds to cover their education expenses, awarded based on financial need or merit. While online colleges may have different course delivery methods, their grant programs closely resemble traditional institutions. The eligibility criteria and application process share similarities, with some additional benefits specific to online learning. Here, we explore the main types of grants available for online college students.
Need-based Grants
These grants are designed for students who lack sufficient funds to afford college expenses. They may cover full or part of the costs, determined by the difference between the family's expected contribution and the total cost of attendance. The first step is to complete the FAFSA® form to qualify for these grants.
Merit-based Grants
Many believe that only top academic performers receive merit-based awards. However, achievements in sports, arts, or extracurricular activities can also qualify students. Common merit grants include athletic scholarships, artistic awards, and tuition waivers, offered by online colleges to recognize various talents.
Departmental Grants
Choosing a specific major can open doors to departmental grants, which are awarded by academic departments. If you plan to major in a field like accounting, consult with faculty or department staff to learn about available grants. These are often more accessible if the college offers advanced degree programs in your chosen field.
Corporate Grants
Corporate grants are often available regardless of current employment status. Large companies such as Coca-Cola and Burger King sponsor scholarships that benefit employees, spouses, or children. Funding and eligibility depend on the company's specific policies, with examples including the Coca-Cola Leaders of Promise and Burger King Scholar Program.
Professional Association Grants
Many professional organizations allocate funds annually for scholarships and grants to support career development. These are accessible through online forums and industry-specific networks, providing valuable financial support for students pursuing careers in various fields.
Note:
The information shared on this platform covers multiple subjects, offering helpful insights and practical advice. While our editorial team conducts thorough research, readers should consider the details as guidance rather than definitive in all cases. We do not take responsibility for discrepancies or outdated information found elsewhere. Additionally, there might be other grants and schemes not listed here that could be more advantageous for your situation.
