Low Income Grants are actually one of the most abundant of all the grants offered by the government. In fact, Pell grants are only a fraction of the shear amount of low income grants going out.  This means that if you are in a low income or bad credit situation, and there just does not seem like there is any feasible way of paying for school, then you are in the perfect zone for receiving funding for your education.  Now, at this point, it should be quite clear that you should also be filling out scholarship applications in addition to this, but low income grants are definitely crucial if you are serious about paying for your education without those pesky student loans.

 

Low Income

In terms of someone who is considered “low income” and still wishes to go to school, then there are actually several options.  As we mentioned before, the absolute first place you need to check and apply for are Pell grants.  These grants were designed specifically with you in mind.  Also, there are other programs that are alike to the Pell grants, but these are going to be your best bet in earning funding for college.

The next thing you will want to do is to make sure you visit your financial aid department at your particular college, or visit with your guidance councilor your senior year of high school.  Many students make the mistake of thinking that they’ve exhausted all grant possibilities when the FAFSA options run dry, but a guidance councilor or financial aid agent will know exactly what to do.  Of course, they will be well acquainted with the FAFSA website, but it is usually a good idea to let the pros do what they do best.

Do keep this in mind: the less income you have, the more chance you will be able to pay for college with up front money every single semester.  It is the middle-class that is in the hopper in this respect.

 

Bad Credit

You might think that you are totally out of luck, but in the area of grants, you are actually in the green zone.  In fact, you will be able to find them readily available, and once again, go directly to your financial aid agent at your particular college or university.  The biggest thing to keep in mind is that you should let the pros do their work.  They will be the best at sniffing out the right grants for you.

Chances are that if you have rough credit, then you are likely to qualify for student government grants, especially if you are “emancipated”.  Emancipated means that you are outside your parental guardian jurisdiction, and you are considered a free person at this point.

For instance, if you are married, honorably discharged or retired from the armed forces, or you are over 21, then you are considered emancipated in most states.  Some states will consider you emancipated if you are 23 or 24.  In this case, it could be considered a good or bad thing, depending on your situation.  Also, it should be worth mentioning that if you declare your state of residence in a different state from your parents, then you are considered emancipated as well.  This is one reason why many students maintain their home state driver’s license, so that they are still under the parental guardianship.

Becoming emancipated might allow you to qualify for grant funding, but it may deny you the health and medical benefits you once had under your parent’s plan.  It all comes down to where the money is, so it is usually best to break out your paper, pencil, and calculator and run the numbers before you do anything in this business.

 

 

 

 

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