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Grants听-A grant is a form of financial aid that doesn鈥檛 have to be repaid (unless, for example, you withdraw from school and owe a refund, or you receive a TEACH Grant and don鈥檛 complete your service obligation). A variety of federal grants are available, including Pell Grants, Federal Supplemental Educational Opportunity Grants (FSEOG), Teacher Education Assistance for College and Higher Education (TEACH) Grants.
| Federal Pell Grant -听Federal Pell Grants usually are awarded only to undergraduate students who display exceptional financial need and have not earned a bachelor's, graduate, or professional degree. (In some cases, however, a student enrolled in a post baccalaureate teacher certification program might receive a Federal Pell Grant.) |
| Federal Supplemental Education Opportunity Grant (SEOG) -The Federal Supplemental Educational Opportunity Grant (FSEOG) is a grant that is awarded to an undergraduate student who demonstrates exceptional financial need to help pay for their education.(Funds are limited)听 |
| Alabama Student Assistance Grant听- are awarded to bona fide Alabama residents based on financial need. The maximum award is $2,500 per academic year. |
| A Teacher Education Assistance for College and Higher Education (TEACH) Grant- is different from other federal student grants because it requires you agree to complete a teaching service obligation as a condition for receiving the grant, and if you don't complete the service obligation, the TEACH Grant will be converted to a loan that you must repay, with interest. |
Loans
Loans-When you receive a student loan, you are borrowing money to attend a college or career school. You must repay the loan as well as interest that accrues. It is important to understand your repayment options so you can successfully repay your loan.
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Direct Subsidized Loans- are loans made to eligible undergraduate students who demonstrate financial need to help cover the costs of higher education at a college or career school. |
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Direct Unsubsidized Loans- are loans made to eligible undergraduate, graduate, and professional students, but eligibility is not based on financial need. |
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Direct PLUS Loans- are loans made to graduate or professional students and parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid. Eligibility is not based on financial need, but a credit check is required. Borrowers who have an adverse credit history must meet additional requirements to qualify. |
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Private student loans- These loans are nonfederal loans, made by a lender such as a bank, credit union, state agency, or a school. |
Scholarships
Scholarships-Scholarships are gifts. They don't need to be repaid. There are thousands of them, offered by schools, employers, individuals, private companies, nonprofits, communities, religious groups, and professional and social organizations.
| AICPA Scholarship for Minority Accounting Students Provides awards to outstanding minority students to encourage their selection of accounting as a major and their ultimate entry into the profession. |
| Alpha Kappa Alpha Educational Advancement Scholarship Created to fill a void in education funding. Its mission is to provide financial support to individuals and organizations engaged in lifelong learning. |
| Development Fund for Black Students in Science/Tech An endowment fund which provides scholarships to African-American undergraduate students enrolled in scientific or technical fields of study at Historically Black Colleges and Universities (HBCUs). |
| Education is Freedom National Scholarship Provides college scholarships in the amount of $2,000 to high school seniors that have high GPAs, are active in the community, and have a financial need. |
| Emma L. Bowen Foundation For Minority Interests In Media A non-profit organization whose mission is to create career opportunities in the media industry for minority youth through a program that focuses on scholastic achievement, direct work experience and professional development. |
| HBCU Study Abroad Scholarships $2,000 award for a student who attends a black college who's interested in studying in another country through an exchange program. |
| Jack and Jill of America Foundation Scholarship This scholarship is for African American high school seniors with a minimum grade point average of 3.0 who will be pursuing a Bachelor's degree at any accredited post-secondary institution in the United States. |
| Jeanette Rankin Foundation Grants For Low-Income Women A non-profit organization dedicated to raising funds for, and awarding scholarships to, low-income women, ages 35 and older. |
| National Association of Black Accountants Scholarship Has provided more than $7.1 million in scholarship funds to deserving students preparing to enter various business professions. |
| Ron Brown Scholar Program Administers more than 300 scholarship, fellowship and institutional grants that support students at the undergraduate, graduate and doctoral levels. |
| Talbots Women's Scholarship Fund Talbots Women's Scholarship Fund, a program of the Talbots Charitable Foundation, will award $100,000 in scholarships to women determined to finally get that college degree. |
| Thurgood Marshall Scholarship Fund The premier organization in Black Higher Education that develops and prepares a new generation of leaders by providing resources, opportunities and advocacy to Public Historically Black Colleges & Universities, students and alumni. |
| Tri-Delta Undergraduate and Graduate Scholarships The Tri Delta Foundation offers undergraduate and graduate scholarships to collegians and alumnae each year. |
听Work-Study Jobs-provides part-time jobs for undergraduate and graduate students , allowing them to earn money to help pay education expenses.听
| 听The Federal Work-Study Program - a federally funded program that provides part-time employment opportunities in various offices on campus and in the community to students who demonstrate financial need based on the results of the Free Application for Federal Student Aid (FAFSA). Students are paid at an hourly rate (typically minimum wage), and receive their pay through the university payroll system on a bi-weekly basis for hours worked.听 |
| Institutional Work-Study Program-wages are compensated by the departments for which students are working, and their potential wage earnings will not be reflected on their financial aid award packages. Supervisors are responsible for managing their departmental student wage budget and calculating the total permissible working hours for each student.听 |