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Available Grants at California Institute of Technology

This article is posted under financial aid
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To earn a degree at California Institute of Technology, you must be willing to shell out more than $48,000 a year in tuition, room and board, books and other supplies. Being willing of course is useless if you do not really have the money or if you belong to a household with an income of less than $60,000 a year. Fortunately, the university is offering several types of financial aid. In fact, there are so-called financial aid packages. A financial aid package includes all types of financial aid that a particular student will need at CalTech. This may include loans, scholarships, grants and on campus jobs. The package depends on the need of the student.

Grants

A grant is an attractive financial aid option. It would be great of your financial aid package consists more of grants and scholarships. Grants are not to be repaid. This means that after graduation, you do not have to worry about a certain amount being slashed from your salary per month.

If you are studying at CalTech, you may apply for the Federal Pell Grant or the SEOG Grant. These are need-based grants that can be given to any US citizen who will apply for them. You do not need to have straight As or super high grades to qualify.

Some grants and scholarships that are awarded to academically gifted students are great because they encourage hard work and reward intelligence. However, they may not be able to provide help to financially-challenge students who are gifted enough to get into CalTech but not gifted enough to be at the top 5% in the university.

The Federal Pell Grant is awarded to students just about to earn their first baccalaureate degree. The maximum help is at $5,550. This may not cover the whole year’s expenses but it can be a great help. You can just supplement the amount with other grants, scholarships, loans and jobs. In short, supplement it with the rest of your financial aid package. The SEOG or Supplemental Education Opportunity Grant is similar in requirement to the Pell Grant. It can award up to $4,000. There are many other grants out there. You just have to do some serious research. Whatever type of financial aid you prefer, you are required to apply for Cal Grants, which are offered to all residents of the state.

Grants are excellent financial aid options. You do not have to repay the amount and you can find grants that are not based on grades or talent.

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