Though Delaware is small in size the state is extremely popular with students who wish to pursue college education. The scholarships and grants available in the state of Delaware can be used to finance your college education irrespective of your financial situation. The scholarships and grants are based on merit or financial need hence you do not have to be an honors student to be eligible for scholarship.
Free Application for Federal Student Aid
The Free Application for Federal Student Aid is open to all undergraduate students of Delaware. The government decides the amount of aid to be given to each applicant based on the financial need and financial contribution possible by the applicant’s family. The students can apply for the FAFSA grant through mail, internet or over the phone. While applying through the internet the applicants need to provide an electronic pin number to virtually sign the documents provided. The FAFSA grant is paid directly to college or university.
It is important that the student applies first for the FAFSA grant before applying for any other federal aid.
Federal Stafford Loan
Federal Stafford Loans are of two types: subsidized and unsubsidized. The subsidized loans are given on the basis of financial need and not merit of the applicant. Hence an applicant can be chosen for a subsidized Stafford loan despite having an average academic record. The interest rate of the subsidized Stafford loan is extremely low as the government services the interest amount during your course and up to six months after graduation.
The unsubsidized Stafford loan is given based on merit hence the student is responsible for servicing the interest of the loan during the study period. The interest rate of this loan hence is higher though it still allows the six months grace period after graduation till the chosen applicant finds a job.
The loan amounts for the both the loans is based on field of study and duration of study. For further information, please visit:
SCHOLARSHIP INCENTIVE PROGRAM (SCIP)
Graduate and undergraduate students who have displayed a serious financial need to pursue college education are automatically considered for the SCHOLARSHIP INCENTIVE PROGRAM (SCIP) when they fill out their FAFSA forms. The undergraduate students eligible for the SCIP have to be enrolled in a non-profit and accredited school in the states of Delaware or Pennsylvania. The applicants must also be U.S. citizens and residents of the state of Delaware. The scholarships are awarded based on merit and financial need.
Graduate students can receive up to $1,000 and undergraduate students can receive up to $2,200 every year. The applicants should also have a consistent GPA of 2.5 or higher.
HERMAN M. HOLLOWAY, SR. MEMORIAL SCHOLARSHIP
Students eligible for this scholarship should be residents of the state of Delaware and U.S. citizens. The applicants should be high school students who have displayed financial need on their FAFSA forms. Academic excellence, SAT score of 1360 and consistent performance of remaining in the top percentile of the respective class are required to be eligible for this scholarship.
Most of the scholarships and grants given by the state of Delaware don’t require repayment thus encouraging more students to obtain college education.