With grants from the federal government, you will find it much easier to pay for your education. Not only will you receive money to pay for tuition and other fees, but no portion of your award is required to be repaid.
Popular Federal Grants
There are two types of federal grants for college that you need to be aware of.
Federal Pell Grant
This grant is named after the former United States Senator, Claiborne Pell. Since 1972, students have been taking advantage of this form of federal financial aid.
The Federal Pell Grant program can be applied at more than 5,400 colleges and universities. Year after year, this program provides free money to roughly 5.4 million students.
Pell grants are awarded based on financial need.
FSEOG Grant (Federal Supplemental Educational Opportunity Grant)
For students in the “worst” financial situation, the Federal Supplemental Educational Opportunity Grant is available.
There are approximately 4,000 postsecondary institutions that participate in the FSEOG Grant program.
FAFSA and Federal Grants for School
Are you interested in applying for federal grants for college? As long as you file your Free Application for Federal Student Aid (FAFSA) form you will be automatically considered for these grants, as well as many other types of financial aid.
Your FAFSA form determines your Expected Family Contribution (EFC). This number is used to decide if you are eligible for either the Federal Pell Grant or FSEOG Grant.
Final Word on College Federal Grants
Contrary to what many believe, the federal government does all they can to help students afford college. By offering many grant programs, as well as other types of aid, it is easy to see that students can receive outside financial help.
With the help of federal grants for college, paying for tuition and other expenses can be much less stressful.