No one can deny the fact that a degree will definitely aid you in molding a better life in the future. At present, education is already a privilege and no longer a right. Not everyone can afford the ‘luxury’ of education. That being said, educational grants are being granted to the minority.
How Minority Grants Work In Comparison To Scholarships
Many people interchange grants with scholarships but the two are completely poles apart. The reasons for rewarding both grants and scholarships are the same – to aid students in getting a proper college degree. Minority grants are awarded to people who have financial needs and are part of the minority population. Scholarships, on the other hand, are awarded to students based on their academic achievements because most institutions and universities believe that achievement implies success. Thus the term ‘merit based’.
Types of Minority Grants – According to Beneficiary
Luckily, almost everyone fits into the minority category. There are 2 major types of minority grants – ethnic and non-ethnic. Ethnic minority grants are those granted to people with ethnic challenges such as grants for Hispanic students or Asian students. Non ethnic minority grants are those offered to individuals who have difficulties because of physical and learning disabilities. Women are also included in this type because educational programs are male centric by tradition.
Types of Minority Grants – According to Educational Attainment
Minority grants may also be divided based on the recipient’s goal. The most common one is the undergraduate minority grant. Post graduate studies such as Masterals, Law and Medicine, surprisingly, also have separate minority grants. Traditionally, there have been very few minorities found in the law or medical profession because of their lack in financial aid but never because of their lack of intelligence and capability. Thus, the government and supporting universities alike found it imperative to create separate minority grant programs for post graduate studies.
Sources of Minority Grants
As expected, the federal and state governments are the most hands-on when it comes to handing out minority grants. In different cases, the government looks into socioeconomic status and intends to build a better economy in their belief that a country with educated people – whether they be minorities or not – will pave the way for a better future and completely eliminate the need for regression.
One of the most popular sources is the Pell Grant which is basically money provided for by the US Government for students. Just like other sources, the grant has certain eligibility standards. The grant will only be rewarded to students who have not yet earned an undergraduate degree, a US citizen and someone who has finished high school. The student must not be a part of other similar programs.
Another great source for minority grants is the Federal Supplemental Educational Opportunity Grant, National SMART grant and many more. If you do not qualify for the Pell grant, it follows that you won’t qualify for similar grants as well.