College Grants With No Strings Attached?

Answer 1

There are plenty of forms of financial aid, but some are better than others. When most people go to college or to grad school, they have to pay a portion out of pocket and a portion with the financial aid given. They will get a combination of grants, loans, and scholarships. What makes college grants the best deal out of the three? There are lots of things to know about grants that make them a nice choice for those people who want to get the most out of college.

Grants are like a gift

When you have loans, you have to eventually pay them back when you get out of college. On top of that, you have to pay interest on the loans and this can make them a difficult thing. Grants are much different. They are like a gift from a company or a gift from the government. Grants come to you and you don't ever have to repay them. This is why so many more people turn to grants with each year. The Pell Grant is one that comes from the government and doesn't have to be repaid. There are other grants, though, and they come with a similar situation.

Grants with no grade stipulations

Another nice thing about college grants is that they don't usually carry the grade stipulations that go along with scholarships. Scholarships seem all well and good. No one goes into college or grad school expecting to do poorly. Unfortunately, though, there are some things that can happen. If the classes are curved, then some people are necessarily going to struggle. Scholarships often come with grade stipulations. This means you can lose out on money if your grades fall below a certain point. Grants are preferable, quite obviously, because there is far less risk associated with them.

Ultimately it is in your best interest to consider all applicable forms of student aid. Most students will use some combination of the different options. College grants are the best of the bunch, though, so you should set your sights on those if you happen to qualify for them.