Archive for the ‘College Financial Aid’ Category

Feb
24

Learning to Write Detailed Grant Proposal

Author: Sally Croft

For many people, writing a grant proposal is a difficult process. You may have the feeling that those who receive grants are either super smart or have some inside connections. But grant writing does not have to be difficult, anyone can do it. “Where there is a will – there is a way!”

Putting it all together!

A successful proposal involves the coordination of several key points including research and data collecting, planning, writing and putting together a detailed grant proposal package, submitting the proposal to a funder and follow-up. So before you begin to write your grant proposal here are a few tips to get you started.

  • Preparation - Gather necessary details and make clear the purpose of your project by writing a clear and concise mission statement.
  • Criteria – Many grants have specific criteria, which are normally stated in the ‘request for proposal’ (RFP). Make sure that you design your proposal to match the criteria set out by the funding agency. The request for proposal usually gives detailed instructions about what you need to submit, so it is very important that you submit everything that is required. You do not want your proposal to be in the stack of “incomplete proposal” or “do not consider pile”, that’s not a good place to be after all your hard work.
  • A good match – When applying for grant money you are basically asking the funding agency for money. These agencies provide grants that will serve their interest and are important to them, so your grant proposal should address those issues that are important to the agency identifying how you will contribute, solving a problem or improving a situation.
  • Define you goal – Determine what your goals are and make sure your goals are consistent with the goals of the funding agency, but don’t sacrifice your goals and objectives just to fit the goals of the agency. If you are not a good fit for the grant, look elsewhere for a better fit.
  • Feedback – Show your proposal to family and friends, get their feedback and suggestions but only choose the ones that you think are a benefit to your proposal. Getting the assistance of an editor who has the expertise in proposal writing may also be a good idea.
  • Putting it all together – As with any type of writing, your first draft will not be the finished product and ready to submit. You may have to rewrite your proposal several times before you have a top quality proposal that will get you selected for funding.
  • Extras – There are some things you can do to make your proposal easier for the reviewer to read such as, making good use of the heading and sub-headings, use a consistent format, make your message easily understood, obtain up-to-date information and use facts and figures (identifying their sources).
  • Timely submission – In most cases, due dates for grant proposal are final. Even if you have a top-notch grant proposal, if it is late, there is a good change that it will be rejected. Make sure you plan ahead and submit your proposal on time.
What Reviewers Look for in your Grant Proposal?

Reviewers look for a well written proposal that is free from spelling and typographical errors, easy to read and understand text, logical and consistent message, convincing message that is believable, the best fit that matches their criteria and a solid goal and objective.

Applying for a grant can seem difficult a task at first, but if you are willing to put in the time and work, you can write a winning grant proposal that will get you selected for funding. You can do it!

Feb
9

How to get No Credit Student Loan

Author: Sally Croft

A no credit student loan is one in which credit checks are not a requirement for the granting of the student loan. No credit student loans facilitate the millions of students who would not have any established credit rating either because they have never owned a credit card or are sponsored by other individuals. This mechanism also facilitates working professionals with bad credit who have realized that improving their academic status can increases their chances of improving their credit ration though increased salaries after graduation. However, all recipients of these no credit loans must provide a co-signee to attain approval.

Most no credit loans are derived from government sponsored programs. None of these loans standing alone will cover the entire cost of your education, but with deep research, they can be combined to offset a significant portion of your educational cost. These no credit student loans come in the form of subsidized and unsubsidized Stafford loans, federal Perkins loans, Pell Grants and other local state funded loans.

Stafford Loans

Any student financial aid advisor will tell you that the first student loan to apply for is the Stafford no credit loan. This loan is divided into two categories based on the financial condition of the applicant. Subsidized Stafford loans are reserved for those students with severe financial restrictions.

Under the subsidized Stafford loan, the applicant must provide concrete proof of their financial difficulties. Upon approval, the government foots all interest payments on the student’s behalf until they have graduated and exceeded their six-month repayment grace period.

The unsubsidized Stafford loan is open to all students regardless of their financial condition. This loan is also a no credit loan but students are required to make all interest payments on their own.

Both subsidized and unsubsidized Stafford loans attract a fixed interest rate of 5% throughout the lifetime of the loan.

Perkins Loans

Perkins loans are designed to provide supplemental support to students after they have exhausted their Stafford student loans. These loans usually range from $1000 to $4000 per annum where the commencement of repayment extended up to a nine-month period following graduation. These loans are distributed through the financial aid office of each university and are distributed on a first come first serve basis. As a result, students must apply early to benefit from this no credit student loan program.

Local State Funding

Many states provide no credit student loans as a part of their social development programs to develop homegrown talent. These loans are sometimes in conjunction with leading industries and target universities that perform research that can benefit them in the end. Qualification is generally based on academic achievements thus ignoring your financial status or credit rating .

Federal Pell Grant

The Federal Pell Grant specifically targets low-income students. To facilitate these individuals, they have deliberately removed credit checks from the list of criteria of qualification. However, to qualify for Federal Pell Grant no credit loans, applicants must prove their status as a low-income earner.

Nov
30

Making the Right College Choice - Do I need to be an Einstein?

Author: Sally Croft

It is really surprising that the number of applicants to the same college goes on increasing every year. In spite of the wide number of choices being offered to the students every year, they still seem to gravitate to the same schools and colleges every year. The students and parents both wish for the really old names that have built up a really good reputation. New York University and Stanford University are on the wish list of all students. The result is that these universities are left with no choice but to turn down the applications of many disappointed students. So, does this mean that for the majority of students, their dream school is only in the horizon? Believe me; it does not have to be so.

Calculate the Fees

Before you complete college, you would have definitely spent a small fortune. But is it worth it? Of course once you are on a good job, you can earn it back but to get on the good job, you need a decent suit for the interview, paper to print the resume and bus fare to take you there. So, if you are going to go bankrupt by the time you finish college, it is just not worth it. Choosing a college with a great brand name also entails big fees- Remember That!

Geek
Planning Financial Aid

It is nearly impossible for any student to pass by college without any financial aid . In fact, many students worry whether they would be able to pay for their dream college if they do get the admission. So, it is important to plan for the financial aid possibilities along with thinking of your college.

Choosing Location

Many love colleges that are on the hills or by the beach or in the centre of the city. Some like colleges that have rocking night life nearby while some like colleges that are calm and serene. So, do choose the type of location you would prefer too.

Small Vs Big Colleges

Big colleges have a huge campus, large libraries and loads of activities. However the lecturers are normally impersonal and TAs take classes more than real professors. However, small colleges have a warmer and cozy atmosphere where you not only end up knowing everyone in class but you might even know more than half of your campus.

Finding that Right Fit

A college with a big name and grand reputation alone is not enough. It might not be the right college for you. So, find the right fit that will suit your preferences and pocket. That is much more important than getting into the New York University or Stanford University.

If you get into a college where you have spent lesser money and which will fit with your preferences and expectations that will be the best for you always.