Grants for School – How to Find and Apply

When it comes to payment for education, there’s nothing like grants for school. You’re not required to pay them back – and that fact by itself sets it above other types of loans or even assistance from your family and friends. There are a number of college grants out there for people who want to get a decent education. In this article, we’ll discuss about who can apply for school grants and how you get apply for them.

Who can get school grants?
The basic concept behind grants for school is that any prospective student who has “financial need” can get a grant. However, this “financial need” is defined in different ways depending on the grant you apply for. In essence, the organization that is offering the grant will look into the yearly income of the applicant as well as the applicant’s family income. There are also eligibility requirements in terms of grades which should be met for the grant to be approved.

How to apply for grants for school?
The main way to get a school grant is to fill out the FAFSA or Federal Application for Student Aid form. This form is available online or it can be picked up in various libraries, universities, legal offices, and other organizations. The FAFSA is the most basic way for the federal government to assess your financial status. There are several sections in the form.

Basically, you’ll be asked about personal information such as your name, address, and social security number, dependency status, income/tax status, and your parent’s income situation. This form must be accompanied by pertinent documents such as tax returns and other proof of income upon submission.

Types of school grants
While there are a number of school grants that are available in the US, the two main programs are the Pell Grants and the Federal Supplemental Educational Opportunity Grant (FSEOG) grants. So let’s talk more about these:
Pell Grants – funded by the US Department of Education, the Pell grant is the most commonly accessed type of grant. It was initially known as the Basic Education Opportunity Grant but was later renamed Pell Grant after a US senator from Rhode Island, Claiborne Pell. Eligibility is based on Expected Family Contribution, which looks into how much the student or the student’s family can contribute to the cost of education.
FSEOG Grants –similar to Pell grants, FSEOG grants are also funded by the federal government and based on financial need. The grant works in tandem with the school that applicants apply for. Essentially, 75% of the cost of education is funded by the government while 25% is paid for by the school. There are other stipulations associated with this grant such as you must be a US citizen, must not have an overpayment from a Pell grant, must not already have a Bachelor’s degree, and must not be in default on any educational loan.

If you fail to secure these federal grants, don’t give up! There are state grants and grants awarded by various non-profit organizations and private enterprises that you can apply for.

Download the complete Guide to Government Grants to learn exactly how to find and obtain free government grant money.