The United States of America provides monetary and lawful money in the form of grants to help its citizens. These grants are provided by various government authorities. There are many types of grants. College grants are those, which assist a student to pursue education of their selection without worrying about the money factor. Most of the times, these grants are not used by even those people who are qualified for it just because they are not aware of how to apply and obtain one.
Not all individuals can afford college education. Most of them stick to the usual methods to fund their college education through scholarships and student loans. The best and convenient mode to obtain funds for your education would be through college grants. These college grants are regarded as one of the best ways to receive required funds for your education. The United States government gives away millions of dollars every year as college grants to aid students to finish their college education.
College grants are similar to scholarships. They are finances that do not require repayment. A college grant is usually based on a variety of aspects, including economic need, student status, ability to pay and academic requirements. Not always does college grants are decided on the family’s income. The Federal government and the state governments both give out grants to the people.
Particular National grant programs help students in different manners. The Pell grant is one of the oldest and helps in financing for low-income students. This grant program remains a valuable source for undergraduate students who cannot afford college. The second grant is the Academic Competitive Grant, which is given away to freshman students who have shown outstanding academic records and excellent aptitudes for leadership and service. The final federal grant is the National Science and Mathematics Access to Retain Talent Grant. These college grants awards at least $4000 to undergraduate students studying mathematics, sciences, computer sciences, etc. State governments usually give grants based on the need, merit and the area of study.
College grants are primarily of two types – need-based grants and merit grants. Need-based grants are normally awarded to those who cannot attend college without it. There are certain elements that determine your eligibility for a need-based grant like the number of dependents in the family, family income, family assets beyond the family income, and different others. Merit grants are awarded to those who exhibit relatively good academic record and brilliant aptitudes. The eligibility depends greatly on the overall academic performance and the high school GPA.
Those who want to get these college grants should first file a FAFSA. This is the application form for almost all National and State grants.