Many people assume college and higher education is just for people who have money. However, there are plenty of scholarships available to people in a lower income bracket.
Gates Millenium Scholarships
Bill and Melinda Gates set up a the Gates Millenium Scholarship in an effort to help children from lower income families have the opportunity to get a college education. To be considered for this scholarship, students must have a GPA of at least 3.3, as well as be a legal United States citizen, and have plans to enroll full-time into a nationally accredited university or college. Students who wish to apply for the Gates Millenium Scholarship must also meet the Pell Grant eligibility requirements to be considered for the scholarship.
Need Based Scholarships
Sallie Mae offers need based scholarships in addition to other financial aid options. The Sallie Mae need based scholarship was created to help lower income students cover college costs that loans, grants, and other scholarships may not have covered. To qualify for this scholarship, students must have a GPA of at least 2.5, be a full-time student, and be a United States citizen. Since this is a supplemental scholarship, qualified students can expect to recieve anywhere from $1,000 up to $3,800.
QuestBridge National College Match Scholarship
The National College Match Scholarship is offered through QuestBridge and is designed to help low income students attend nationally accredited four year universities or colleges. Students who apply for this scholarship typically come from households with a total income of under $60,000.
School Scholarships and Other Scholarships
Many schools offer income based scholarships to students. To qualify for school issued scholarships, students need to provide proof of income, and typically meet specific academic requirements. Certain schools may offer income-based scholarships to students who make under a certain amount of money per year. However, the requirements for this type of scholarship will depend on the school. It should be noted that scholarships are typically awarded to anyone who meets the specific requirements set by the person or company offering the scholarship.
The government also offers grants to low income students. Grants such as the Pell Grant are designed to provide low income students with enough money to cover college costs. The amount of money awarded to a student will vary depending on the school year.
Not having enough money to pay for college out of pocket should not stop you from attending school. There are plenty of scholarships and government grants to choose from that can help you pay for college without putting you in debt.