"Grants" submitted by SchoolGrantsfor Editorial Team and last updated on Monday 9th January 2012
Grants are financial aid that does not have to be repaid. Most grants are based on financial need. A grant is a monetary stipend awarded to students who can prove need or specific skill. Grants do not have to be paid back. They are awarded by the federal government, state governments, schools and other institutions. Federal grants pertaining to your student financial aid package are automatically applied for when you complete your Free Application for Student Financial Aid (FAFSA) form. Contact the financial aid department of your school of choice regarding other grants they may have available.
There are six types of federal student aid grants:
- Federal Pell Grants
- Academic Competitiveness Grant (ACG)
- Federal National SMART Grant (NSG)
- Federal Supplemental Educational Opportunity Grants (FSEOG)
- TEACH Grants
- Iraq and Afghanistan Service Grant (IASG)
Applying for federal student aid grants, work-study and loans is FREE! Why pay a third party for help with the FAFSA? Help in completing the FAFSA is available from their office for free and there are no fees of any kind assessed by the government when you submit a FAFSA. Federal U.S. Department of Education assist more than 14 million students each year with grants, work-study and low-interest loans. Now is the time to take action. You may qualify for more financial aid than you think. Investing a little time now could pay off in a brighter future.