Whether it is for traditional school learning or distance or online learning, managing expenses for school can be a challenge for many. Getting financial aid for traditional school learning is a common topic to talk about, but one should remember that there are ways to get grants for online schools, too? The grants for these online schools are an effective way of drastically reducing your school expenditure. So, if you have decided to go ahead with online learning, here’s everything you need to know about grants for online schools.

What are grants for online schools?
Grants for online schools are financial aids that are given once to the students based on their capabilities and requirements. These grants are different from loans. Unlike student loans, students do not have to pay back the grant money. Grants can be taken from various sources. Some of them are:

• Government of the state
• The college in which the student is applying in
• Federal government
• Some private organizations

Common types of grants for online schools
There are several grant types that students can get for their education. They can choose from the following:

Need-based
Federal government typically offers these types of grants. Financial aid is usually provided for a partial or complete tuition fee. The eligibility for these grants is determined after calculating the difference between the expected contribution to be made by the family and the entire attendance cost. To get these grants, the first step is to carefully fill the application for FAFSA®.

Merit-based
These are not what the name suggests. Most people are not aware about these grants, and it is commonly assumed to be available only for students with straight As. Any student with exceptional interests, motivations, and passion can be eligible for this grant. The golden rule to get this grant is to achieve a balance. For example, you might be leading a sports team and work part-time to manage your finances along with maintaining an average of B in your academics. You will still be considered for a merit-based scholarship by the committee.

What are the best scholarships and grants for online schools?
Some of the best grants and scholarships in the country that give students the opportunity to study further without any financial hurdles include:

• Bemidji State University Distance Learning scholarship
• Berklee online
• BOLC Distance Learning Scholarships
• Bright Future Scholarship
• College Raptor Scholarship
• Digital Responsibility
• FirstGEN Fellows
• FIU online
• Get Educated Online College Scholarship