College Grants

What are College Grants

• College Grants are provided to a variety of individuals so that lack of money doesn’t stop them from pursuing education.

• These also help displaced workers who need to get retrained in order to re-join the workforce and students enrolled in a post baccalaureate teaching certificate program.

Requirements to Receive Funding

• The basic requirement for this is that a person wishing to apply needs to prove their financial need.

• A great aspect about this kind of funding is that there is no obligation on part of the person receiving it to repay it.

• Also, applicants don’t need to have a great credit to get these grants and there are no application fees.

Funding at the State and Local Level

• Funding for education is also available at the State level. Many states have minority funded grants, low income and disadvantage student grants and grants for students pursuing a high demand field such as medical or education.

• You need to check with various schools about the opportunities they have. A school’s financial air office usually has this information and can provide detailed information to a candidate regarding the same.

Types of Education Grants

There are various types of grants that are awarded for a specific purpose. A description

of these grants follows in the slides ahead.

Federal Pell Grant

• This need-based grant is awarded to low-income undergraduate students and some students enrolled in a post-baccalaureate teaching certificate program.

• Pell Grants are free and do not have to be repaid like student loans.

Federal Supplemental Educational Opportunity Grant

• Undergrad students holding Pell Grants and having great financial need can get this grant.

• Students can get $100 to $4,000 each school year depending on the student's financial need, the college they are attending and other school financial aid policies.

Academic Competitiveness Grant

• This supplemental grant is awarded to first and second year students who demonstrate academic merit and were also awarded a Federal Pell Grant.

• Students can get $750 for their first year of study and another $1,300 for their second year.

National SMART Grant• The National Science and Mathematics Access

to Retain Talent (SMART) Grant is a supplementary grant awarded to science, math, computer, technology and engineering students who are in their third or fourth year of study.

• This $4,000 grant is awarded to students who are eligible for Pell grants.

TEACH Grant

• This $4,000 grant is awarded to undergraduate, post-baccalaureate and graduate students who promise to teach in an elementary or secondary school (public or private) that caters to low income students.

Summary

College grants are provided to students who demonstrate financial need, displaced workers who need to get retrained in order to compete

and re-join the workforce, and students enrolled in a post baccalaureate teaching

certificate program. This particular type of grant does not need to be repaid by the

student and there are no application fees. Also, you don’t need to have a good credit to

apply.

For more information, please visit

All American Grant Guide