A grant is a type of financial aid that provides a set amount of money each year. Grants, unlike loans, are not repaid and are given based on merit or need. Grants are most commonly given out by the federal government, state commissions, and private or non-profit organizations.
The majority of students who plan to attend college are looking for ways to supplement their school budget. Paying for a college education is nearly impossible without financial aid. College grants make it easier to finance the high cost of tuition, whether you’re a first-year student or a Ph.D. candidate. These are some of the best college grants available.
Federal Pell Grant
The Federal Pell Grant program is awarded by the U.S. Department of Education based on financial need to students who file a FAFSA form for a maximum of $5,815 for 12 semesters. To be eligible, candidates must be enrolled full-time or part-time in their first associate or bachelor’s degree program at an accredited U.S. college for the entire academic year. The monetary value will differ depending on the Expected Family Contribution (EFC) and the cost of attendance.
Iraq and Afghanistan Service Grant
The Iraq and Afghanistan Service Grant is another federal grant for college that can provide up to $5,775 per year. Applicants under the age of 24 must have a parent or guardian who died in the Armed Forces after 9/11 and be enrolled at least part-time at an accredited college or university in the United States. It is intended for US citizens or eligible non-citizens who meet the Federal Pell Grant requirements except for the Expected Family Contribution (EFC).
NCAA Graduate Student Research Grant
The NCAA provides a $7,500 Graduate Student Research Grant each year to encourage master’s and Ph.D. students at member schools to conduct cutting-edge research on collegiate student-athletes psychosocial well-being. Graduates with a focus on the social and behavioral sciences, including sports psychology, are given preference. Qualified recipients will be U.S. citizens, pursuing accredited U.S. study, demonstrating research competence, and submitting research proposals worthy of publication in NCAA Champion magazine.
AAUW Career Development Grant
The American Association of University Women (AAUW) provides Career Development Grants ranging from $2,000 to $12,000 to female bachelor’s degree holders pursuing a master’s program, post-baccalaureate certificate, or professional degree. Women of color and women entering non-traditional fields are given preference. Candidates must be U.S. citizens and enrolled in regionally accredited four-year colleges for on-campus or distance learning to be eligible for these college grants.
There are a lot of grants available that cover different categories. Even if you do not meet the low-income requirements, you may be eligible for merit-based grants for research, community projects, or service agreements. Always make sure you research properly before applying for a grant so as to maximize your chances of being selected.
