Nevada Student Grants for College

Fund Your Education with Free Grant Money

The recession has changed the way a number of states operate in terms of education funding. Many states, including Nevada, have learned to achieve results despite the inevitable diminution of tax revenue, and the state of Nevada has chosen to focus its attention on encouraging students and their families to take advantage of tax laws by creating college savings accounts.

Both of Nevada’s new grants depend on student participation in one of the many college savings plans now available, and Nevada makes recommendations on this page. Current recommendations include the SSgA Upromise 529 Plan, the Vanguard 529 College Savings Plan, the USAA 529 College Savings Plan, and Putnam 529 for America, but be sure to check the page to find the most up-to-date listings.

Grants From The State Of Nevadanevada grants for college

These two student grants are both tied to college savings programs, and come in the form of matching funds. Both require you to open, and deposit into, a specific college savings plan, so that should factor into your choice of plan. And since both matching grants offered have limited funds at their disposal, it is in your best interest to enroll as quickly as possible. The opening date for applications is March 1, so don’t delay.

Note: Federal tax is deferred on your savings, and withdrawals that are qualified under the tax laws that apply to college savings plans are tax exempt.

Silver State Matching Grant Program

The Silver State Matching Grant Program requires you to open an SSgA Upromise 529 account. To be eligible, your household must have an adjusted gross income (AGI) that is under $61,950, both the account’s beneficiary and the accountholder must reside in Nevada, and the beneficiary must be under 13 at the time of approval for the first matching grant.

If you qualify, the most you can receive in matching money in any given year is $300, and the highest total possible overall is $1,500. There is a scale that determines the percentage amount of the match, depending on household income:

If you sign up to have deposits automatically debited from your account, you may have it done by a deduction from your paycheck (if your employer has direct deposit) or by arranging a monthly withdrawal from your account. That method permits you to make very small ($15 minimum) regular contributions to your SSgA Upromise 529 account.

USAA Distinguished Valor Matching Grant Program

The USAA Distinguished Valor Matching Grant Program was originally for military children who have experienced a parent’s death or injury in action, but now it applies to children of any active member of the U. S. armed forces. It requires you to have a USAA 529 College Savings Plan account, and there are two paths toward eligibility. Here are the criteria for eligibility under Category A:

and the criteria for Category B:

The lifetime maximum is the same, but all your deposits are matched dollar for dollar.

American Heart Association Western States Affiliate Beginning Grant-in-Aid

The American Heart Association has launched a program called the Western States Affiliate Beginning Grant-in-Aid, which is intended to support the work of new scientists in researching the cardiovascular system. Your focus may extend to a related field like public health, biotechnology, or clinical practice. If you have just graduated with a medical degree, and you want to conduct your research at an accredited nonprofit institution (a hospital or school) in Nevada, this grant will fund your project.

You must hold an assistant professorship, and meet citizenship criteria, which include certain categories of workers who are not U. s. citizens or permanent residents.

Federal Student Grants

Don’t forget the federal grants are also available. Applying for these grants begins with filling out the Free Application for Federal Student Aid (FAFSA), and they give preference to students who demonstrate financial need. Here are the current federal grants: