Higher education can be an expensive endeavor, but federal educational grants provide crucial financial aid to students who demonstrate financial need. Unlike loans, grants do not require repayment, making them an excellent resource for covering college expenses. This article outlines the major federal educational grants available in the United States and their respective eligibility criteria.
1. Pell Grants
The Federal Pell Grant is the foundation of federal financial aid for undergraduate students. It aims to assist students from low-income families by offering significant financial support.
Eligibility Criteria:
Demonstrated financial need, as determined through the Free Application for Federal Student Aid (FAFSA).
Enrollment in an undergraduate program at an eligible institution.
U.S. citizenship or eligible non-citizen status.
For the 2024–25 academic year, the maximum Pell Grant award is $7,395. The exact amount depends on factors such as financial need, cost of attendance, and enrollment status.
2. Federal Supplemental Educational Opportunity Grant (FSEOG)
The FSEOG program provides additional assistance to students with exceptional financial need. Unlike the Pell Grant, FSEOG funds are limited and awarded on a first-come, first-served basis.
Eligibility Criteria:
Must qualify for the Pell Grant.
Enrollment in an eligible undergraduate program.
FSEOG awards range from $100 to $4,000 per year, depending on financial need, the institution’s funding, and other aid received.
3. TEACH Grants
The Teacher Education Assistance for College and Higher Education (TEACH) Grant supports students who plan to pursue careers in education. Recipients must commit to working as full-time teachers in high-need fields at low-income schools for at least four years.
Eligibility Criteria:
Enrollment in a TEACH Grant-eligible program.
Agreement to complete the teaching service requirement within eight years of graduation.
Maintain a minimum GPA of 3.25.
The TEACH Grant offers up to $4,000 annually. However, if the service requirement is not fulfilled, the grant converts into a Direct Unsubsidized Loan, which must be repaid with interest.
How to Apply for Federal Grants
To determine eligibility for federal grants, students must complete the FAFSA. This free application can be submitted online at fafsa.gov. Early submission is recommended, as funding for certain grants, like the FSEOG, is limited.