Empowering Education

Though cost of education in the US private colleges is high, many students can cut the cost by half or even more. This has been made possible through financial aids made available to students by the Federal government as well as private financial institutions. The amount available as financial aid depends on many factors. Though maximum share of the financial aid is borne by the Federal government, the private financial institutions’ share is also not negligible.

There are four types of Federal Grants available: Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Academic Competitiveness Grant, and National SMART Grant. While the first two grants have been there for quite long, the last two types of grants are relatively new.

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