In the United States, federal grants are economic aid issued by the United States government out of the general federal revenue. A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States.
Olin College of Engineering, officially Franklin W. Olin College of Engineering, is a private college focused on engineering and located in Needham, Massachusetts. Its endowment had been funded primarily by the defunct F. W. Olin Foundation. The college covers half of each admitted student's tuition through the Olin Scholarship.
The Free Application for Federal Student Aid (FAFSA) is a form completed by current and prospective college students in the United States to determine their eligibility for student financial aid.
Student financial aid in the United States is funding that is available exclusively to students attending a post-secondary educational institution in the United States. This funding is used to assist in covering the many costs incurred in the pursuit of post-secondary education. Financial aid is available from federal and state governments, educational institutions, and private organizations. It can be awarded in the form of grants, loans, work-study, and scholarships. In order to apply for federal financial aid, students must first complete the Free Application for Federal Student Aid (FAFSA).
The Ontario Student Assistance Program (OSAP) is a provincial financial aid program that offers grants and loans to help Ontario students pay for their post-secondary education. OSAP determines the amount of money that a student is eligible to receive by considering factors such as tuition, course load, and the financial resources of the student. More than 380,000 students – more than half of all full-time students – received student financial aid in 2014-15.
University admission or college admission is the process through which students enter tertiary education at universities and colleges. Systems vary widely from country to country, and sometimes from institution to institution.
The Helping Outstanding Pupils Educationally (HOPE) Program is a scholarship and grant initiative established in Georgia in 1993. Under the guidance of then-Governor Zell Miller, the program was designed to provide financial aid to exceptional students pursuing degree, diploma, or certificate programs. HOPE is applicable at eligible public and private colleges and universities throughout Georgia, as well as public technical colleges. HOPE is funded entirely by revenue from the Georgia Lottery and is administered by the Georgia Student Finance Commission (GSFC).
A bursary is a monetary award made by any educational institution or funding authority to individuals or groups. It is usually awarded to enable a student to attend school, university or college when they might not be able to, otherwise. Some awards are aimed at encouraging specific groups or individuals into study.
Need-blind admission in the United States refers to a college admission policy that does not take into account an applicant's financial status when deciding whether to accept them. This approach typically results in a higher percentage of accepted students who require financial assistance and requires the institution to have a substantial endowment or other funding sources to support the policy. Institutions that participated in an antitrust exemption granted by Congress were required by law to be need-blind until September 30, 2022.
An athletic scholarship is a form of scholarship to attend a college or university or a private high school awarded to an individual based predominantly on their ability to play in a sport. Athletic scholarships are common in the United States and to a certain extent in Canada, but in the vast majority of countries in the world they are rare or non-existent.
A Pell Grant is a subsidy the U.S. federal government provides for students who need it to pay for college. Federal Pell Grants are limited to students with exceptional financial need, who have not earned their first bachelor's degree, or who are enrolled in certain post-baccalaureate programs, through participating institutions. Originally known as a Basic Educational Opportunity Grant, it was renamed in 1980 in honor of Democratic U.S. Senator Claiborne Pell of Rhode Island. A Pell Grant is generally considered the foundation of a student's financial aid package, to which other forms of aid are added. The Federal Pell Grant program is administered by the United States Department of Education, which determines the student's financial need and through it, the student's Pell eligibility. The U.S. Department of Education uses a standard formula to evaluate financial information reported on the Free Application for Federal Student Aid (FAFSA) for determining the student's Expected Family Contribution (EFC).
In the United States, higher education is an optional stage of formal learning following secondary education. It is also referred to as post-secondary education, third-stage, third-level, or tertiary education. It covers stages 5 to 8 on the International ISCED 2011 scale. It is delivered at 3,931 Title IV degree-granting institutions, known as colleges or universities. These may be public or private universities, research universities, liberal arts colleges, community colleges, or for-profit colleges. U.S. higher education is loosely regulated by the government and by several third-party organizations.
College admissions in the United States refers to the process of applying for entrance to institutions of higher education for undergraduate study at one of the nation's colleges or universities. For those who intend to attend college immediately after high school, the college search usually begins in the eleventh grade with most activity taking place during the twelfth grade. Applications to many schools are due in October or November of senior year for Early Decision or Early Action, or in December or January of their senior year for Regular Decision, though the timeline may vary depending on the universities, some having an earlier deadline due to the fact that the admissions process may weigh in more on transcripts. Students at top high schools may often begin the process during their tenth grade or earlier. There are considerable numbers of students who transfer from one college to another, as well as adults older than high school age who apply to college.
In the post-secondary education system of the United States, an expected family contribution (EFC) is an estimate of a student's, and for a dependent student, their parent(s)' or guardian(s)', ability to pay the costs of a year of post-secondary education. The EFC is used in the United States student financial aid process to determine an applicant's eligibility for need-based federal student aid. In most cases, the same estimate is also used for state and institutional (college-based) financial aid. The EFC is included on the Student Aid Report and Institutional Student Information Record, which are sent after filing a form called a Free Application for Federal Student Aid (FAFSA).
The Common Data Set (CDS) is an annual product of the Common Data Set Initiative, "a collaborative effort among data providers in the higher education community and publishers as represented by the College Board, Peterson's, and U.S. News & World Report." The stated goal is to provide accurate and timely data to students and their families while decreasing the workload of administrators. Publishers use the standards and data items defined by the CDS to "ask the same core questions" when making their rankings and publications of institutions. Response data are also used in public accountability efforts such as the Voluntary System of Accountability's College Portrait.
Scholarships in Korea are assistance programs aimed at helping students in or from South Korea pursue their education. Scholarships come in different forms based on factors such as the duration of study and the applicant's academic qualifications. They have various root aims, including recognizing academic achievement, promoting research and knowledge in specific fields, promoting global academic exchange, and reducing the financial burden on individuals.
The Ontario Graduate Scholarship(s) (OGS) program offers, merit based, annual scholarships to eligible students who will pursue graduate studies in order to complete a master's degree, PhD or doctorate at a university in Ontario, Canada.
Anishinabek Educational Institute (AEI) is an First Nation-owned and controlled post-secondary institution in Canada. Indigenous institutes partner with colleges and universities to offer students degree programs, apprenticeships, certificate programs and diploma programs. AEI was founded to provide greater access to post-secondary education for First Nation peoples. AEI delivers post-secondary programs approved by the Ministry of Training, Colleges and Universities. The educational curriculum was adapted to meet the needs of Indigenous learners to ensure it reflects community needs, cultural heritage and identity.
A scholarship is defined as a grant or payment made to support a student's education, awarded on the basis of academic or other distinction. "Scholarship" has a different meaning in the United States than it does in other countries, with the partial exception of Canada. Outside the U.S., scholarship is any type of monetary award to fund education. In the United States, the only country with a national system that determines a student's financial need, and where universities are far more expensive than in other countries, a scholarship is money for which the student must qualify in some way, and the term "grant" - an award the student receives because of financial need - is used for what in other countries are called scholarships.
Financial issues facing students in the United States include the rising cost of tuition, as well as ancillaries, such as room and board, textbook and coursework costs, personal expenses, and transportation.
