Grants are awards that don't have to be repaid, are usually based on financial need and are considered a gift from your school, the federal government, the state or a private foundation.
Below is a description of the different types of grants for college:
Federal Pell Grant
A federal grant for financially needy undergraduates
awarded through the college financial aid office.
Eligibility: U.S. Citizen/Permanent residents; full/part-time undergrad; need-based
Amount: Up to $5,735.
How to apply: Complete the FAFSA by your school's specified deadline.
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Federal Supplemental Educational Opportunity Grant (FSEOG)
Grant for financially needy undergraduates awarded through the school financial aid office. FSEOGs are awarded to the lowest-income undergraduate students. Preference is given to Pell Grant recipients.
Eligibility: U.S. Citizen/Permanent residents; full/part-time undergrad; need-based
Amount: $4,000 maximum award; $100 minimum award
How to apply: Complete the FAFSA by your school's specified deadline.
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Teacher Education Assistance for College and Higher Education (TEACH) Grant Program
Program for students who are enrolled in a teaching program and intend to teach full-time in a high-need area at a public or private elementary or secondary school that serves students from low-income families. Students must meet certain requirements after graduation or the grant will need to be repaid as a Federal Direct Unsubsidized Stafford Loan with interest accruing from the date of each grant disbursement.
Eligibility: For U.S. citizens or eligible non-citizen; undergraduate or graduate students at participating schools. You must meet certain academic achievement requirements.
Amount: $4,000 maximum award per year; must sign an agreement to serve each year; if fail to meet teaching requirements after graduation, grants must be paid back as unsubsidized Stafford loan.
How to apply: Contact the financial aid office at your college if you are interested in this grant. You must complete the FAFSA for eligibility but you do not have to prove financial need.
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Georgia State Grants
Provides funds to eligible colleges in Georgia for distribution to students.
To be eligible for consideration, a student must file a completed FAFSA at www.fafsa.ed.gov
Students should contact the Financial Aid Office at the college they plan to attend for complete program details at that school.
College/Institutional Grants
A grant that is considered a gift from your school and may be awarded based on financial need, academic merit or some combination. Institutional grants often supplement federal awards to help financially needy students meet the total cost of attendance.
Amount: Up to your total cost of attendance. Your award will be determined by your school's procedures for awarding institutional grant aid and by their availability of funds.
How to apply: Find out what your school's procedures are for awarding institutional aid. Your school may require that you complete other financial forms in addition to the FAFSA, such as the CSS Profile or institutional financial aid forms.
Grants For College