Government grants are legitimate giveaways by various government bodies for the citizens of United States of America. Among the various types of grants available, college grants are those that assist students to pursue an education of their option without concerning about the money involved. Often, individuals who qualify for these grants are unaware of how to apply and obtain one.
Those students who cannot afford college education resort to traditional methods to fund their education like scholarships, study loans, etc. But the easiest and convenient manner to gain monetary funds for your education would be through college grants. The college grants are regarded as the best the way to get the essential funds for your education through college. The United States government grants millions of dollars annually as college grants to help pupils to finish their college education.
College grants are similar to scholarships only in the sense that they provide financial aid that need not be repaid. These grants are usually based on a variety of aspects, including economic need, student status, ability to pay and academic necessities. It should be noticed that college grants are not always based on the family’s income. Both the National government and the state governments give out grants. Various National grant programs aid pupils in various modes. The Pell grant is one of the earliest and aids in funding for low-income pupils. This grant program continues to be a precious source for undergraduate pupils who cannot afford college. The Academic Competitive Grant is given away to freshman students who have shown
outstanding academic records and supreme aptitudes for leadership and service. The third federal grant is the National Science and Mathematics Access to Retain Talent Grant. These college grants give away with at least $4000 to undergraduates studying mathematics, sciences, and computer science. State governments give grants based on the requirement, merit and the area of study.
College grants are chiefly 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 particular factors 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 superior aptitudes. The eligibility depends greatly on the overall academic performance and the high school GPA.
In order to apply for college grants, you will first have to file a FAFSA. The FAFSA is the application form for most National as well as State grants.