Education Grants for Students in US

Schools and colleges are not only a vital medium to gain knowledge and education for an individual but also very necessary for the development of any country. TheUSgovernment too recognizes the need to provide quality education to all its countrymen and hence allocates a large portion of grants (over $67 million) every year for education purpose. The Department of Education in US ensures that these grants are dispersed in such a way that all financially-weak and eligible students in US can pursue their education.

 

The grants provided by the government are allocated by the Department of Education under three main grant programs, excluding the several small scholarships and fellowships offered. Discretionary grants are awarded to students who pass a very competitive process. Student loans or Pell grants are offered to students to help them pursue their college education. Formula grants are awarded to specific agencies as determined by the Congress and as such has no application process involved.

 

A Pell grant offered by the Department of Education is a very popular education grant and offers education to a large number of students in US. Unlike a loan it is not to be repaid by the student. The amount of grant offered to the student depends on the financial requirement, the costs to pursue school, present school-going status of the student (i.e. full-time or part-time) and their plans to attend the school for the entire academic year or less than that. However for this a student has to first meet the requirements of the eligibility criteria set by the ED and complete the Free Application for Federal Student Aid (FAFSA). Pell grants are not only available to all eligible male and female students but also single mothers who want to pursue their education to obtain a job and look after her children.

 

Similarly, the Academic Competitiveness Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Teacher Education Assistance for College and Higher Education (TEACH) Grant and National Science and Mathematics Access to Retain Talent Grant are important grants offered by the government for eligible students. Besides providing grants and scholarships, the federal student aid program also has work-study option i.e. part-time employment offered to students to fund their own educational expenses.

 

Besides the government, there are many non-profit organizations as well as private organizations that help students pursue their education by offering scholarships and grants. However non-profit organizations and large private foundations have their own eligibility criteria and usually provide scholarships and grants to the deserving students in a particular or local area. Since there are ample education grants available, finding them and knowing their qualifying criteria is very important.