Free grants are issued by the government as well as private and public organizations to make education affordable to all. These days education has become very costly. If you want to enroll in a private university or college you should be ready to pay a lot of fees. The cost of education is touching the skies. Not everyone can think of getting all their children educated in the best private colleges. This is where grants for college come into the picture.
Grants are in no way similar to scholarships or student loans. Scholarships are usually won on merit basis where you need to outperform as a student and student loans have to be applied for and are granted based on the needs of the applicants and also have to be repaid within a fixed period of time. A grant is more like free money. You don’t have to repay anything nor depend on your academic performance to have grants issued to you.
Who issues grants for college?
Now, the question is who gives the money for the grants for college. Well, there are numerous sources for the same. It could be the central or state governments, colleges, universities, public or private organizations. Many big companies donate money regularly to colleges and universities to issue educational grants to students as a part of their corporate social responsibility. Grants could be divided into various categories like it could be a student specific grant or subject specific grant or it could be related to the degree you are opting for or could be for minority communities, too. There are many grants exclusively for minorities or people with very low levels of income.
Federal grants are given on a much larger scale. The force behind federal grants is the No child left behind Act. These grants help in assuring that the basic right to education is met by making education affordable to all sections of the society. Thousands of students have benefited from this noble initiative. Now, more and more students are earning diplomas and degrees from good universities and colleges thanks to federal grants.
Grants for colleges have also helped in the development and up gradation of universities and colleges. Now you get the best in terms of education due to the many grants that have been issued by various different people under different categories. Grants for college are again divided into different groups. But the purpose of providing these grants remains the same which is up gradation of the educational system across globe. Many specialized programs or courses are accessible for people of the lower margins of society due to these grants. There are a lot of students seeking grants today. It would not be wrong to say that these grants have changed the lives of thousands of students across the globe by providing them the basic necessity of education at a much cheaper, affordable price. After all, everybody has a right to an education!