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ACTIVITY 1: |
The following game will place some scenarios regarding college decisions and the potential impact on what your college experience will cost you. The point of the game is to minimize your total debt after college.
CORNELL NOTES
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NOTESGrants and Scholarships Defined
The terms “scholarship” and “grant” are often used interchangeably, but there are usually differences between these two forms of aid. Most scholarships are merit based. This means that they are awarded to students with certain qualities, such as proven academic or athletic ability. Many scholarships have rules — maintaining a certain GPA, for example — that you have to follow to continue receiving aid. Most grants are need based. This means that they are usually awarded based on your or your family’s financial situation. Sources of Grants and Scholarships Both grants and scholarships come from the following sources. Governments Federal and state governments are sources of gift aid.
Many colleges offer grants and scholarships to their students.
Many companies, foundations, community organizations and clubs sponsor grants or scholarships. Grants and scholarships from these private organizations are called outside, or private, scholarships. Here are some examples of possible sources of outside scholarships:
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