Grants for Students: Short Guide on Non-Repayable Aid for Students


Grant typically means free money that comes from the federal government or state government that students attending college or career school can access to cover the costs of higher education. Unlike student loans, most types of grants are sources of financial aid, so they don?t have to be repaid.

Besides the federal and state government, grants may also be offered by your college or career school or some private nonprofit organizations. Feel free to do research and apply for any grants you might be eligible for. They can help you both cover your tuition and avoid debt.

Types of College Grants

Most college grants are based on students? financial situation. However, there are also merit-based grants that you can get if you demonstrate a high level of academic achievement. The US Department of Education provides a variety of federal grants. Here are some examples:

  • Federal Supplemental Educational Opportunity Grants (FSEOG);
  • Federal Pell Grants;
  • Iraq and Afghanistan Service Grants;
  • Teacher Education Assistance for College and Higher Education (TEACH) Grants;

What Are Grant Basic Qualifications

In most cases, you should demonstrate your need (for need-based grants) or some outstanding academic achievement (for merit-based grants). However, each program may set its own eligibility requirements, so you should spend some time comparing various programs to choose the one you can qualify for.

How to Get a Grant?

  • Decide on a grant. Shop around to find the grant with the qualifications you meet.
  • Fill out a Free Application for Federal Student AidFree Application for Federal Student Aid. Check out the deadline carefully and submit the form before it.
  • Receive your financial aid offer. The offer will tell you whether you?re eligible for any grant.

When Do I Have to Repay the Grant?

Although grants typically don?t require you to repay them, there are some situations when you may be asked to turn back the whole or a part of your grant. Here are some of them:

  • You received some other grants or financial aid that reduced your need for a federal student grant;
  • You don’t fulfill your obligations for the TEACH grant;
  • Your eligibility for a grant was reduced by changing your enrollment status.