The William D. Ford Federal Direct Loan Program offers scholarship programs to undergraduate and graduate students who demonstrate exceptional academic ability and financial need. In order to qualify for either a Direct Loan or a Federal Supplemental Educational Opportunity Loan, the student must be a low-income non-family dependent who is enrolled as a full-time student in an eligible college or university. The William D. Ford Federal Direct Loan Program now provides no credit and no interest beginning on the first day of the succeeding semester if the student’s education is paid for in part by an award from the Federal Government. For students who wish to pursue post-secondary education and improve their employment prospects, the Direct Loan Program offers the opportunity for education loan protection. For more information, please visit the School Catalog or visit the Office of Education at University of Michigan online.
For students considering continuing their education at the undergraduate level, there are a variety of scholarship options available at both public and private institutions. The University of Michigan boasts twenty-eight different financial aid programs, many of which are federally funded. Most of these are restricted to undergraduate students attending the University of Michigan. However, students who enroll in the Master of Science in Education program at the College Campus may also qualify for federal funding. For more detailed information on specific programs, contact your school’s financial aid office.
A variety of other scholarship programs offer assistance to full-time and part-time university students and their parents. There are also private organizations that provide funds to undergraduate and graduate students who are interested in obtaining degrees at prestigious universities. For more details on the availability of a specific scholarship program, please contact the scholarship program site.
If you are a student considering applying for a scholarship that offers no interest payments, it is important to carefully review all of your available options. Some scholarship programs will require applicants to pay a fee if they apply and/or accept a scholarship award. Other scholarship awards offer no payment requirements. Before starting the application process, it is important to read the complete scholarship agreement so you fully understand any conditions that may affect your scholarship eligibility. Students who complete their academic requirements and maintain a satisfactory grade point average while enrolled in an accredited college or university are more likely to successfully complete a scholarship program. These auctions, via sites such as hope scholarship are also available online.
While there are many ways to receive funding for education, many students lack the financial resources to pursue formal college and university studies. As a result, obtaining a scholarship program for education can be extremely helpful. Scholarships not only provide the necessary funds to cover expenses, but provide an opportunity for the student to improve their educational experience. Students who successfully complete a scholarship program will be more likely to be accepted to reputable universities and college programs.
To apply for a scholarship program for education in your area, visit the official website of the scholarship program you are interested in. There is usually an application fee, and an application should be submitted along with the following documents: admissions transcripts, Student Aid Report (student profile), your High School Report (last two years of school), or test scores. Once your application has been accepted, you will receive notification from the scholarship provider regarding how to receive your award. If you wish to use a need-based scholarship, you must attend or pass an approved school or college, or be eligible to be considered on a merit-based scholarship.