The William D Ford Federal Direct Loan Program is a Scholarship Program that provides student borrowers with direct unsubsidized or subsidized student loans to attend college. Subsidized student loans are made available to students in need who don’t qualify for federal student aid. As an example, a student applying for a federal Direct Loan may be unable to qualify for need-based financial aid based upon his/her family income. As such, a student may apply for a Federal Direct Loan but not a need-based Student Loan.
The William D. Ford Federal Direct Loan Program awards $ 175,000 per year in scholarship money to high school seniors. Scholarships are awarded on the basis of a written 500-word essay expressing candidates student and academic goals and how those goals will help them achieve their educational goals. Students must be a full-time senior in high school or have had a summer away from school for at least five months and enrolled in a college or university for at least six months. The essay should be written in accordance with the guidelines established by the William D. Ford Federal Direct Loan Program. A complete application will be required and can be downloaded from the website. This article will assist you with picking the national merit scholarship.
The amounts of the awards are based on academic achievement and financial need. Students who maintain a satisfactory grade point average (AGPE) throughout their high school career and have no other significant limitations on their extracurricular activities are eligible for academic achievement scholarships. Academic achievement scholarships are also awarded to students in need who demonstrate strong leadership abilities and who are interested in the field of law. Law scholarships are not limited to minority students. All students applying for the Program must be U.S. citizens.
Financial need scholarships are awarded to students in financial need who demonstrate the ability to pay for at least half the expected cost of attendance. These programs cover the full tuition cost for the year. Financial need is determined by using the FAFSA application and evaluation form that is available from the Office of Post-secondary Education. There is also an option for students who want to participate in the merit-based tuition deferment program.
Merit-based scholarships are awarded to four-year students who are high school seniors. To participate, they must meet the expectations of the scholarship program regarding academic performance and other criteria. One advantage of this scholarship program is that there are opportunities for national and state competition. Students who qualify for these scholarships must submit academic records that include the following: science and math grades; SAT or ACT scores; and letters of recommendations from teachers or parents.
College scholarship programs are a wonderful way to help financially if you are going to attend college. Many scholarships provide funds for tuition, books, and room and board. Scholarship programs are especially helpful to low-income and minority students who may not otherwise be able to afford to go to college. Many scholarships also provide funds for professional development such as internships and summer assignments. These opportunities are ideal for scholars who are looking to increase their credentials and enhance their chances of getting a higher paying job once they enter the workforce.