Your level of income should not prevent you from getting the education that you desire. Fortunately, free student loans are available to needy students throughout the United States. Most schools offer some type of government financial-assistance program so their students can afford an education. There are several government programs you can apply to to help supplement the cost of your college education.
Free student loans enable students with low incomes to pay for the cost of their college education. These loans are provided by the government and are based on the student's income. Interested parties must apply through their designated college or via the Internet.
There are at least three types of free student loans available through the federal student aid program.
- Pell Grants are available to undergraduate students who have not earned a bachelor's degree. These monies do not have to paid back. The most a student can receive from a Pell Grant is $4,731. More information about Pell Grants can be found here at this page on www.ed.gov.
- Another type of free student loan is the Federal Supplemental Educational Opportunity Grant (FSEOG). This grant is for students who are in great financial need. Those who have the lowest expected family contributions will be accepted first. The FSEOG program provides need-based grants to undergraduate students that meet low-income guidlines, ir order to promote access to post-secondary education. Students may receive these grants at any one of the approximately 4,000 participating postsecondary institutions. The handbook for this program is available from the U.S. Government IFAP website.
- One other type is the Academic Competitiveness Grant. A student who applies for it must be a U.S. citizen, must have received the federal Pell Grant the same year that he applied for it, and must be a full-time student. Students receive up to $750 the first year and $1,300 the second year. More information is available at studentaid.ed.gov.
No student should shy away from applying for college because of his or her income. There are several government programs that will allow them, with a bit of work, to attend. Be sure to check with any college you plan on attending and ask about financial-aid and loan programs. Most schools offer some kind of assistance for their students who are in need.