Federal grants provide money to eligible students to use for higher education programs. Unlike a student loan, grants are awards that don’t have to be repaid. The federal government administers four grant programs:
- Federal Pell Grants. Usually awarded to undergraduate students with great financial need. These are students who haven’t earned a bachelor’s, graduate or professional degree.
- Federal Supplemental Education Opportunity Grants. Grants provide additional funds for Pell Grant recipients.
- The Teacher Education Assistance for College and Higher Education Grant Program. Provides grant funds to students enrolled in teaching programs. Students will teach in a high-need elementary or secondary school.
- Iraq and Afghanistan Service Grant award. Awarded to students who lost a military parent or guardian during military service in Iraq or Afghanistan after 9/11.