Grants are regarded as the funds which are not payable. Frequently, the grants are dubbed as “gift aid” because these are free money. Grants are usually need-based and do not include the technical assistance or any other kind of financial assistance like interest rate subsidy, loan or loan guarantee, direct appropriation, or sharing of the revenues.
The Department of Education of the United States is offering different federal grants to the students who will attend community colleges, four-year colleges or universities, and career schools.
The grants are as follows:
Federal Pell Grants
The recipients are the undergraduate students who are not bachelor’s or professional degree earners, however, there are some instances that students enrolled in post-baccalaureate teacher certification program can avail it. Convicted individuals do not qualify to receive this grant. The amount of money that one will be getting depends on the person’s need for finances, cost of attendance, status of being a part-time or full-time student, and plans of attending school for full academic years or less.
Federal Supplemental Education Opportunity Grants (FSEOG)
These grants are offered to the undergraduate students having exceptional needs for finances. It necessitates the Free Application for Federal Student Aid to be filled out by the college for the determination one’s financial need. The financial aid office at every participating school is the one directly administering the FSEOG program which then it is dubbed as “campus-based” aid. Every school that participates will be getting certain amount of FSEOG funds annually from the U.S. Department of Education’s office of Federal Student Aid.
Teacher Education Assistance for College and Higher Education Grants
(TEACH) – This provides the students who will complete or have plans of completing course work needed to start a career in teaching. It is required that the individual will sign a TEACH Grant Agreement to Serve wherein he or she agrees to be teaching in a high-need field, to teach at secondary school, elementary school, or educational service agency serving the students of low-income families, and to teach for a minimum of four complete academic years within eight years following the completion of the course of study for which one has received the grant.
Requirement to get a TEACH Grant:
• meet the basic eligibility criteria for federal student aid programs
• completion of Free Application for Federal Student Aid
• enrolled as undergraduate, graduate, or post-baccalaureate student at a participating school of the TEACH Grant Program
• enrolled in the TEACH-Grant-eligible program
• meet the achievement requirements for academics
• receive counseling about TEACH Grant
• sign the TEACH Grant Agreement to Serve
Iraq and Afghanistan Service Grants
Eligibility is for those whose parent or guardian died due to military service in Iraq or Afghanistan. Eligibility requirements:
• not eligible for Federal Pell Grant having the basis of Expected Family Contribution
• meet the rest of the eligibility requirements for Federal Pell Grant
• parent or guardian was member of the United States armed forces and died in service in Iraq or Afghanistan
• age of less than 24 years old or enrolled in college at least for part-time during the death of the parent or guardian