An educational grant is free money from either a public or private source that can be used for college expenses which does not need to be repaid. Numerous educational grants totaling in the billions of dollars are awarded each year to a wide range of individuals from nearly every conceivable background and circumstance. Some educational grant programs have income restrictions, such as the well-known Pell Grant, but many grants are awarded irrespective of income.
Grant money for college is available to nearly any type of student who wishes to pursue a higher education, from both public and private sources. We maintain a database of tens of thousands of educational grants for college and can assist you in finding and applying for grants that cater to students like you. First though, read on to learn the basics of educational grants and how easy it is for nearly anyone headed to college to be matched with grant money for college expenses.
What Kind of Funding Can I Get?
- College and scholarships
- Student Financial Aid
- Private school tuition
- Research grants
- Tuition assistance
- Undergraduate, graduate,
How Educational Grants Work
Once you are awarded a grant, the grant award funds will be sent directly to your school. The monies are applied to your student account to pay for educational expenses such as tuition, books, fees, campus housing, and meals. Some schools and grant programs allow for the issuing of refunds to students each year for grant award money that
exceeded the amount needed for educational expenses. Federal government educational grants are funded by the United States taxpayers. State educational grants are funded through lotteries, taxes, or both. Corporate and other private grants are usually funded through donations.
Government Educational Grants The most well-known federal educational grant is the Pell Grant, and those eligible for the Pell grant are also likely to be eligible for educational grants in their home states. Other Federal Government grants include the National Science and Mathematics Access to Retain Talent Grant (SMART), the Federal Supplemental Educational Opportunity Grant (FSEOG), and the Academic Competitiveness Grant (ACG). Federal grants are also offered for African Americans, Latinos, women, veterans, and people with disabilities.
Private Educational Grants Private grants for college are also available that cater to certain student criteria, such as gender, race, religious affiliation, veteran and disability status, or course of study. Some private foundations, such as the Gates Millennium Scholars Program, combine their grant programs with federal grant awards programs, providing additional funding to certain minorities who are also eligible for the federal Pell grant.
Applying for an Educational Grant All educational grant programs have their own application process unique to that specific program, as well as a deadline for applying. In most cases, you must already know which school you will be attending, and the institution must meet certain regional or national accreditation standards. Certain schools may also require additional paperwork. Begin by contacting your school’s financial aid department or by contacting a reputable agency specializing in educational grants.
If you need free money for college, chances are that an educational grant awards program exists that fits your background and goals. Educational grants for higher education include tuition grants for single parents, grants for women, grants for alumni or children of alumni of certain schools, educational grants for minorities, grants for students from certain geographical areas, grants for veterans, among many others.- Grant Advisors