The United States Department of Education provides the funding for federal education grants. However, general grants may also be available to you from your school, state program, or non-profit organizations. While federal education grants are more diverse and nationally recognized, general grants are only applicable in certain schools, fields, or other situations.
For example, a state-funded general grant will only be available for education expenses for schools located within the state. These grants are typically awarded based on field of study and demographics. In some cases, they may also be offered on a first-come, first-serve basis, so it’s best to apply early.
Similarly, a general school grant will help pay for education costs at the school that issues it. Many colleges and universities offer grant programs for low-income students. While most schools use a FASFA form as an application for school-sponsored education grants, you should always check with your school for more information.
You may be able to find additional grants based on:
- Academic or music aptitude
- Gender or ethnicity
- Intended career, degree, or field of study
- Financial need
Additionally, education grants are often available for children of specific workers, such as firefighters, emergency personnel, or law enforcement officials. There are also grants available for veterans, service members, and their immediate family members. If you are in foster care or you are a ward of the state, you may also qualify for local education grants.
Some local businesses may provide educational funds for students interested in pursuing degrees in specific fields. For example, a manufacturing company may offer educational grants for students interested in earning a degree in engineering.
Depending on your academic standing and financial need, you may also qualify for grant programs like:
· Academic Competitive Grants (ACG): The ACG provides grants to low-income students who achieve high academic standing within their first or second year of college. To qualify, you must have earned a GPA of at least 3.0 and be enrolled in school full-time. The maximum award for a first-year student is $750 and $1,300 for a second-year student.
· The National Science and Mathematics Access to Retain Talent (SMART): Similar to ACG, SMART grants are available to high academic students who are part of low-income households. Grants are available to third and fourth-year students and pay up to $4,000 per student per year.
There are additional education grants and financial aid opportunities for students in need. Learn more about the ways to pay for college on the next slide.