A graduate or college school education can be expensive for both online and on-campus students, therefore it’s essential for them to explore opportunities for getting financial aid. Both online and traditional students should first make sure that the program they select has accreditation from the Department of Education so that they can be eligible to receive federal funds. In this article, we give you helpful advice on how to go about the process of finding financial aid for your online college education in the U.S
Complete the FAFSA Application
Online students need to follow the same process as on-campus learners and start by filling out the FAFSA (Free Application for Federal Student Aid) which is used by many institutions to give awards. In many institutions, the same process is followed to award financial aid to both online and on-campus students. However, financial aid is still evolving for newer online programs like those that have skills-based study curriculums. Therefore, students should check with the institution about the possibility of financial aid for these programs.
Enroll Full-Time to Increase Aid Chances
Full-time or part-time enrollment plays a role in your chances of getting financial aid. It can be difficult for you to study full time if you have a full-time job. But it is necessary as many web-based programs stipulate that students should meet specific credit-hour obligations to be eligible for financial aid.
Work-Study Programs
Check if the institution offers federal work-study opportunities. These programs enable you to work part-time off or on campus to earn money for a part of your tuition expenses. Schools like Liberty University and SUNY Empire State College allow online learners to avail of work-study opportunities.
Scholarships
Certain providers of scholarships are still unsure about online programs. Some scholarships can be availed by online students in accredited education programs, but this differs depending on each provider. You should do thorough research to find out your eligibility for particular scholarships. A number of scholarship search tools permit prospects to provide information about their circumstances and apply for scholarships that match their unique requirements. This is one of the best ways to cover your financial aid for an online college education in U.S
However, a few scholarship providers still consider online programs to be of lower quality and therefore do not offer scholarships to online learners. However, some like Penn State – World Campus provide scholarships to both full-time and part-time online students.
Start Early to Improve Your Chances
It’s vital to start your search early to enhance your chances of finding financial aid. This can also help you learn about any financial aid limitations for online learners at particular institutions. Submit your FAFSA as early as possible because many awards for financial aid are granted as they are available so early birds stand the best chance of getting aid.
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