Having the opportunity to go to college is great. However, not everyone has this opportunity. College education is very expensive, and not everyone can afford to go to college because of the tuition cost. For those individuals who cannot pay for college, they should not get discouraged, because there is so much free money available to help everyone receive a college education. The most popular source of free money for a college education comes from federal college grants.
Types of Federal grants
Federal Pell grant
A Federal Pell grant is one of the most popular grant programs available from the U.S. government, and it is based on student’s financial needs. The Federal Pell grant has been around since 1972, and it mostly provides funding for low-income students. For those students applying for a Federal Pell grant, they do not have to be the smartest kid in their class because the Federal Pell grant is not based on academic requirements. As long as a student attends an eligible school, they can qualify. Eligibility requirements
To be eligible for a Federal Pell grant, a student must be going for their first undergraduate degree, and they must be a U.S. citizen with a high school diploma or a GED. Federal Supplement Education Opportunity Grant A Federal Supplement Education Opportunity grant (FSEOG) is a grant based on financial needs, and it is available to full-time and part-time students. This grant award funds in the range of $100 to $4000, for those individuals who qualify. Eligibility requirements To be eligible for the Federal Supplement Education Opportunity grant, the person applying must be an undergraduate student who is in desperate need of financial assistant, and they must have already received a Federal Pell grant.
The Higher Education Reconciliation Act of 2005
The Higher Education Reconciliation Act of 2005 has established two new grant programs which are the academic competitiveness grant (ACG), and the national smart (science and mathematics access retain talent) grant. These grants were established to help encourage high school students to take more demanding courses while in high school, with the hope of them majoring in subject areas with a high demand. The high demand subject areas include science, mathematics, technology, engineering, and foreign language.