While education grants help you cover educational expenses, you may be able to use them for a variety of costs. Often, a grant will give you a lump sum of money each year that you can use for any expenses that come with college. For example, you may use a grant to cover tuition, but you may also be able to use it for costs like your school supplies or your housing expenses. Other grants may help you with the cost of child care.
Depending on the specific grant, you may receive the grant money in different ways. Some will send money directly to your school to cover the cost of tuition. Other grants will be distributed directly to you, allowing you to use the money to pay a variety of expenses.
In many cases, a grant will be sent directly to the school you attend.
This may go into a student account, which you can use to cover costs, such as books and on-campus housing, that are related to your education.
Before you apply for an education grant, you can learn details about whether the education grant money goes to you or your school.
Some grants intended for single parents and other groups may be deposited right into your personal bank account. This allows the recipient to pay for child care or other costs that are not directly related to education.
Although a grant may just help you for just one academic year, other grants may be given to you each year as long as you continue to meet eligibility requirements. You may be required to show need or proof of how you use the college grant money.
Before you begin applying for grants, be sure to consider your educational needs. Do you need money for tuition alone, or will you need help paying for costs like transportation, housing or child care? It is important to find the right grant for you in order to have the best college education experience.