Federal grant programs for college-bound students form the bedrock of all financial aid in the United States. These programs should be the first stop for all students looking for financial assistance to help them pay for college. Federal education grants are funded by the government, and administered through the U. S. Department of Education. Federal education grants help thousands of students pay for college every year. Without these grants, many students would not be able to realize their higher educational goals.
You’ll need a good reason to appeal your financial aid. For instance, if your circumstances changed between when you received your financial aid package and the time school starts. Maybe your sibling decided to enroll in college at the last minute, your parent lost a job, or there’s been a family financial emergency. You might also be able to appeal for more financial aid if you’re in an abusive family situation.
Grants for college students fall across two broad categories, depending on what eligibility requirements are attached to the funds.  Need-based grants are issued to students exhibiting the greatest levels of financial hardship in paying for college. On the other hand, merit-based grants are tied to performance-like good grades and other personal achievements.
Every state in the union has a Department of Higher Education that monitors, and regulates, the colleges and universities within that state. Most states offer their resident students some degree of college financial aid, either through their Department of Higher Education or through a dedicated Student Assistance Commission. Scholarship and grant programs are common at the state level, and are typically supported by state and local taxes, and/or state lottery funds.

The Federal Pell Grant program is the largest provider of student grants.  Pell Grants provide tuition assistance to undergraduates demonstrating financial need.  A blended federal financial aid package often includes Pell Grants-alongside Federal Direct Loans.  Eligibility is determined annually based on FAFSA disclosures, and reflects four areas of consideration.
Grants for non-traditional students are sponsored by variety of different sources, including state and local governments, corporations, advocacy groups and professional associations. These programs provide vital financial assistance to those non-traditional students who are looking to improve their lives, and the lives of their families, through higher education.

There is currently a national push to encourage students to pursue degrees in science, technology, engineering and mathematics. The United States is currently falling behind in the number of students graduating with professional degrees in the STEM fields. Consequently, grants have become more abundant for students pursuing studies in these fields. These grant programs are typically sponsored by Federal agencies, state governments and professional associations.
Students that never attend, stop attending, or withdraw from all classes will be required to repay some or all of the Pell Grant and/or SEOG and subsidized or Unsubsidized loan funds originally awarded. A federal formula will be applied based on student's last date of attendance, percentage of the payment and period attended. If the formula indicates an amount “unearned” a repayment of aid will be necessary. There is no appeal available for Repayment of Federal Funds.

Colleges and universities can also be prime sources for grants. Often, colleges will be given private endowments from individuals and businesses for the purpose of providing financial aid to deserving students. Again, privately endowed grants and scholarships tend to have highly specific eligibility requirements, and may target certain portions of the population such as women or minorities. They may also be dedicated to students pursuing degrees in specific fields or disciplines.
The search for college grants can lead to some very unique financial aid opportunities. College-bound students looking for education grants will soon find there are programs to address almost any interest. The following grants are examples of the diverse types of financial aid programs that are available to the enterprising student searching for a way to offset the cost of their higher education. These examples also prove that focusing on your interests can lead you to financial aid opportunities which could otherwise go overlooked.
Loan programs – Such programs need to be paid back but offer help with low interest rates.  The Stafford Guaranteed Loan offers up to $6,625 per year.  The Perkins Loan program offers up to $3,000 and $5,000 a year for undergraduate and graduate students respectively. These loan programs come at very low interest rates so it is highly recommended you apply for them if you need the money for your education. The updated 2015-2016 fixed interest rate on these loans for undergrads is 4.29%; and the combined borrowing totals for direct loans can be up to $12,500 per year depending on your school year and degree.
The American school system, like the healthcare system, is also experiencing a critical shortage of qualified professionals. Teachers are in great demand, particularly in historically under-served communities. Grants for educators are available from a variety of sources, including professional teaching associations, private endowments, and state governments. Many of these programs, particularly those supported by state governments, are award-for-service programs. Recipients will be required to sign a contract agreeing to a term of service teaching at a high need school, or in an under-served community.

The Federal Supplemental Educational Opportunity Grant – The FSEOG is designed to give financial aid to undergraduate students with extreme financial need. The FSEOG program is funded by the Federal government, and administered through the financial aid offices of participating colleges and universities. Students must apply through their college of choice, and grants are awarded on a first come, first served basis.
As students begin to investigate possible grants for college, they will likely find a variety of award-for-service grants. These types of grants are typically allied to a distinct course of study, and are applied to students with definite career goals. Typically they address critical shortages in certain professional fields including healthcare, legal aid, teaching and social work. A grant-for-service requires recipients to agree to a predetermined term of service, working within their chosen field, at a critical need facility or in an under-served community. If the student fails to meet their obligations, the grant will revert to a standard student loan, and the student will be expected to repay all monies received plus interest.

There is a good chance that say the equity in your home and/or some other components of your net worth and income will be held against you in the calculation of your SAR (summary of the financial aid you can expect to receive) of your FAFSA. This does not mean, however, that there are not ways to reduce the financial burdens of the college education expenses.

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