Although there are no grants specifically designated for the pursuit of training required to work in the field of medical transcription, individuals wishing to become medical transcribers may qualify for grants from the federal government or charitable organizations based on their income, race, gender and other factors.
A grant is an amount of money donated by the government (such as Pell grants) or charitable organizations and foundations wishing to support specific individuals in specific educational endeavors, such as the Black Nurses Association. Unlike loans, grants to not have to be repaid.
The federal government offers three grants based on a person's income. The federal Pell Grant is available to undergraduate students who demonstrate financial need. There are no income limits, but the government does consider the following factors when deciding who receives Pell Grants:
Expected Family Contribution (EFC)
Number of family members
Number of dependent family members attending college
Family assets outside of income
Individuals can apply for a Pell Grant by filling out a FAFSA (Federal Application for Student Aid) at http://www.fafsa.ed.gov/.
Another grant offered to individuals by the federal government is the Federal Supplemental Education Opportunity Grant program or FSEOG. This grant is awarded only to the neediest of students who demonstrate an EFC of 0 on their financial aid Student Aid Report (SAR). As with the Pell Grant, the only way to apply for the FSEOG is by completing a FAFSA.
Finally, the military Montgomery G.I. Bill offers financial assistance that does not need to be repaid to students that have served in the military. You may learn more about and apply for the G.I. Bill online at http://www.gibill.va.gov/.
Grants or scholarships based on a person's ethnicity or gender are offered by many private organizations and charitable foundations to create a more diverse and representative educational and professional arena. Look for these grants on your state's website and individual organization or foundation websites such as the Bureau of Indian Affairs, United Negro College Fund, AARP and WalMart. You can search a comprehensive list of foundations offering educational grants at www.foundationcenter.org.