A number of federal and state grants are available to qualified, mostly undergraduate, students. Grants may be awarded based on merit or financial need. What makes them so great is that you don’t need to pay them back. Of course, not all students will be eligible to apply for a grant, but it is absolutely worth doing your research to find out if you do.
Types of Grants
Pell Grants are awarded to undergraduate students who are working toward their first bachelor’s degree and have a high financial need.
FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG)
This is a grant for undergraduate students with exceptional financial need.
CAL GRANT A, B
Cal Grants provide aid to California residents who are undergraduates. Grants are based on financial need and GPA competitiveness.
TEACHER EDUCATION ASSISTANCE FOR COLLEGE AND HIGHER EDUCATION (TEACH) GRANT
TEACH provides grants of up to $4,000 a year to students who are completing or plan to complete coursework needed to begin a career in teaching. Students must maintain a 3.25 GPA.