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Grants for College Students

Comprehensive information on student grants

Grants for college students are type of financial aid accessible to students, especially those in financial need, with the intention of helping them pay for their education expenses. Student grants are noticeably different from both, student loans and scholarships in the way that they are free reward money, thus unlike student loans that must be paid off, and primarily need-based, compared to traditionally merit-based scholarships. Student grants can be divided into the following categories: subject-specific, student-specific, Degree Level and Minority and they can be founded by the Federal and state governments, colleges and universities, public and private organizations.

Federal Grants

There is only a certain number of grants that are offered by the government for students that meet certain criteria in order to help students to obtain their post secondary diplomas and gain better employment opportunities. Here it is a list of the most popular federal grants for college students.

The TEACH Grant

The Teacher Education Assistance for College and Higher Education Grant Program, or TEACH Grant is a federal student grant offered by the Department of Education, designed to provide financial aid to college students who are willing to work as teachers in elementary and secondary low-income schools. In order to qualify for this grant, students have to sign a statement that obligates them to such a teaching arrangement after they graduate. This grand can provide up to $4,000 per year to these students. To be eligible for the TEACH grant, student must apply via the FAFSA first and must be enrolled in an appropriate tuition program at a participating post-secondary institution. Furthermore, student must meet at least 3.25 GPA in the particular curriculum to qualify for this grant.

If you are enthusiastic about serving as a teacher after graduation, you shouldn’t hesitate to take into consideration the TEACH grant. However, you should keep in mind that if you don’t live up to your obligation to teach upon graduation, you will have to repay the entire grants amount you may have received.

The Federal Supplementary Education Opportunity Grant

This student grant is provided every year to students who are in the highest level of financial need and it offers amounts from $100 to $4,000 per year. 25% of this grant is disbursed by the college and the remaining amount is provided by the Department of Education. To apply for the Federal Supplementary Education Opportunity Grant, students must meet the financial need as a key eligibility requirement and must annually apply via the FAFSA.

FSEOG is pretty difficult to receive though, because they are only given to students with the absolute highest levels of financial need.

The Academic Competitiveness Grant

The Academic Competitiveness Grant, or ACG exists since 2006-07, and it was created to help promote the taking of particular types of demanding majors and degree programs. This grant provides up to $750 during the first year of undergraduate study and up to $1,300 for the second year of undergraduate study. To qualify for ACG, students must apply via the FAFSA and must demonstrate ability of achieving the appropriate level of education. In addition, students must meet the requirements for a Pell Grant award during each year in order to receive an ACG award, so if you are receiving a Pell Grant, this can be beneficial grant to you.

The National SMART Grant

The National SMART Grant stands for the National Science and Mathematics Access to Retain Talents Grant and it is designated to provide financial aid to students who do extremely well in certain math, science, and technology curriculums with aid during their third and fourth years of undergraduate study an awards up to $4,000 annually.  In order to qualify for this type of educational grant, students must apply via the FAFSA, must receive a Pell Grant during each study year and finally, must demonstrate the appropriate level of academic achievement during their first two years of undergraduate study. Just remember that it can only be given to students who are enrolled in certain math, science, and technology curriculums.

The Pell Grant

The Pell Grant is accessible to undergraduate students who are able to demonstrate an “exceptional financial need” as considered by the Department of Education. Maximum amount of money awarded is up to $5,000 per academic year. To obtain this grant, you must apply via the FAFSA, must show an “outstanding” financial need according to the Department of Education (this is principally estimated via your EFC metric, which should be below 5,273) and must be undergraduate student. You cannot receive Pell Grant from more than one school at the time. There are two additional specific requirements you must meet in order to qualify:

  • You must be enrolled in an undergraduate degree program, and you must not already have either a bachelor’s, or graduate degree.
  • You will not qualify for the Pell Grant if you are imprisoned in a federal or state penal institution.

State Grants

Another grant option for college students are State Grants offered by the US states and are based on need, merit or study program. There are a wide range of these grants and you should inquire about specific student grants provided by your state. For example, Florida’s Office of Student Financial Assistance offers a vast majority of grants from those for academically talented students, disabled, disadvantaged and other some other grants.

Popular Minority Grants

In recent years the number of minority students graduating with a four-year degree has risen significantly. There are a number of student grants offered to minorities in order to help them achieve their educational goals. Some of these are college grants to African American students, grants for Hispanic students, Asian American students, Native American students, grants for students from disadvantaged and low-income backgrounds and grants for disabled students.

Other types of free educational grants for college students include grants as following: grants for women, grants for non-traditional students, graduate and doctoral students’ grants, grants for military students and families, high need fields’ grants, grants for nurses and med students and other.

Educational grants are very helpful kind of financial aid for students in helping for paying their educational operating costs. Their main benefit is that you don’t have to repay it after graduation. They can be a great addition to your federal or private student loan. If you find out that you qualify for any of these student grants, don’t hesitate to apply for it and make the most of it.

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