Types of Grants for College

Grants can come from different sources like the federal government, your state, colleges, and private organizations. Some are based on financial need, others on academic achievement, special talents, or career goals so exploring all types can help lower the cost of college. Here are several types orf grants:

Federal Grants
These come from the U.S. Department of Education. To be considered, students must complete the FAFSA® :

• Pell Grant: For students who need financial help the most.

• FSEOG (Federal Supplemental Educational Opportunity Grant): Extra money for students with very low income.

• TEACH Grant: For students who want to become teachers. You must agree to teach after college, or you might have to pay the money back.

• Iraq and Afghanistan Service Grant: For students whose parent or guardian died while serving in the military after 9/11.
  

State Grants
Each state offers its own grants to help students who live there. Some are for students with financial need, and others are for people studying certain subjects like nursing or science.

Explore  State by State Financial Aid Programs

College Grants
Colleges and universities also give out grants using their own money. They usually look at how much financial help you need or sometimes your talents in sports, art, or leadership.

Private Grants
These grants come from businesses, charities, or foundations. They might give money based on your grades, hobbies, leadership, or community service.
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Special Program Grants
Some grants are just for certain groups, like:

• First-generation college students (first in your family to go to college)

• Students with disabilities

• Minority students

• Students studying special jobs like teachers, scientists, or nurses