Financial Concerns Report Essay Example | Topics and Well Written Essays - 1000 words

Financial Concerns Report - Essay ExampleThe ethnicity grant groups include the African American, Asian, Cuban, and Arab groups (http//www.usscholarshipguide.org). Further, the above United States scholarship guide website shows that the organization adjures scholarship grants to non-ethnic groups. The prosperous scholarship applicants include the individuals who are afflicted with physical ailments. Under successful scholarship grantees include individuals who are deaf, mute, and mute college scholarship applicants. The Federal and state giving medications offer scholarship grants to encourage individuals to pursue their dreams. The grants include the Pell grant. U.S. Senator Claiborne Pell offers the grant to abet the United States Department of Educations thrust to increase college enrollments. The successful grants are those who break the established financial need bench mark. The United States Congress established the financial need benchmark. The Pell turn over falls und er the Higher Education Act of 1965. During 2012 alone, the supreme Pell Grant was about $ 5,400. The government offers Federal supplemental educational opportunity grants. The grant is offered to both United States citizens and eligible non-residents. The highest scholarship figure given to the student is estimated to below the $5,000 per year figure. Third, the above United States scholarship guide website reference shows that government offers grants that take into consideration the college applicants academic competitiveness. The grant is offered to Pell grantee college applicants having a stripped average grade of 3.0 and a first year average grade of 4.0. The scholarship amount is $750 per year. Likewise, the above United States scholarship guide website reference indicates that government offers grants that are based on the college applicants merits. The merit based grants include the Robert Byrd scholarship program. The National Science Scholars Program is another merit g rant. Another merit-based grant is the supplement Educational Assistance Partnership grant. Financial aid debt that individuals incur while seeking postsecondary education According to the College Board agency, different student groups generated different financial aid debt while seeking postsecondary education. Starting in 1981, the college loan amounts started to increase in relation to the grants given to college students. During 2001, the loan grant amount is estimated at $ 44 billion while the Grant amount is estimated at solo $ 12 billion. During 2005, the loan grant amount is estimated at $ 64 billion while the Grant amount is estimated at only $ 20 billion. During 2007, the loan grant amount is estimated at $ 74 billion while the Grant amount is estimated at only $ 33 billion (Smart, 2011). Retention related to financial concerns There are several issues pertaining to the retention of college scholarships. First, retention is based on the college students prior academic gr ades. Students who do not retain their passing grades within the required school period are removed from the college scholarship grants. Second, students who devote all their time and energy to achieving the benchmark grades, ensure their retention in the college scholarship programs. Further, the students who establish and implement effective study habits will get higher scholastic grades, achieving the college students desire to graduate with the help of the college financial assistance program, when compared to students who do not have effective study