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6 Financial Resources to Help Support Your Education

Updated: Oct 6, 2022

Navigating education and its associated costs can be difficult, but we are here to help. We cover everything from grants to programs! In this article, we will highlight six student programs that will assist you in succeeding:

WIOA encourages workforce development programs to be aligned with regional economic development strategies in order to meet the needs of local and regional employers. These programs are available based on eligible funding and service priority and are intended to assist with education, training, or employment.

Filling out your Free Application for Federal Student Aid is the first step in the financial aid process (FAFSA). Most colleges, universities, and career schools use the FAFSA application to award federal, state, and college-funded student aid. Fill out the form online to apply for grants, loans, and work-study opportunities that you may be eligible for. This is an excellent place to begin your benefit search and discover new programs and resources.

The Federal Pell Grant Program provides grants to low-income students in order to encourage them to pursue postsecondary education. Grants are given to students who do not yet have a bachelor's degree or who are enrolled in post-baccalaureate programs leading to teacher certification. Federal Pell Grants, unlike student loans, do not have to be repaid. Students, however, may not receive Federal Pell Grant funds from more than one school at the same time or for more than 12 semesters.

Since 2009, the Arkansas Scholarship Lottery has raised more than $1.1 billion in proceeds for Arkansas college students, contributing to the awarding of more than 675,000 Arkansas Academic Challenge scholarships. In Arkansas, more than 92 cents on the dollar is spent on prizes, scholarships, retailer commissions, and other expenses.

The Arkansas Single Parent Scholarship Foundation serves all 75 counties in Arkansas and annually awards more than $1.9 million in scholarships to hardworking single parents throughout the state.

The Arkansas Division of Higher Education (ADHE), ASLA, The 529 Gift Plan, and the Arkansas Treasurer's Office have collaborated to provide a free scholarship search for Arkansas residents. It lists hundreds of scholarships and grants for which students may be eligible. Scholarships are also available through your high school counselor's office, college admissions office, alumni/development office, and civic organizations in your community. These scholarships and grants are available for a wide range of majors, disciplines, and programs!

Don't let money create added stress while you're a student. We hope you have discovered new financial resources to help support your education.


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