YOU PROBABLY KNOW THAT THERE IS FREE MONEY AVAILABLE TO HELP PAY FOR COLLEGE.
But did you know that scholarships aren’t the only type of financial aid that doesn’t have to be repaid? That’s right – grants are also a form of free financial aid available to students to help cover college costs.
The main factor that differentiates grants from scholarships is that they are typically need-based as opposed to merit-based. This means that your eligibility to qualify for a grant is based on you – or your family’s – demonstrated financial need.
HOW TO GET GRANTS FOR COLLEGE
Like other forms of financial aid, college grants can come from a variety of sources. Grants are most commonly awarded by the federal government, but your own college or private organizations and businesses can also be a valuable source.
It’s worth it to do your research to find different sources of grants. Grants for college students may be one of the lesser-known forms of financial aid, but being awarded one can go a long way toward keeping college costs low. When it comes to paying for college, any amount helps. Start by filing the FAFSA (the Free Application for Federal Aid) to learn more about your eligibility for federal grants, and ask your college if they know of any institutional or private grants you may qualify for.
Not sure where to start on your journey to finding grants for college? Discover more about what grants are, how to apply, and what the best fit is for you here.