The Free Application for Federal Student Aid (FAFSA) helps you apply for multiple financial assistance options. Almost all two- and four-year educational institutions in the country use FAFSA in correspondence with students’ financial payments. The four most popular government grants for students include:
Federal Pell Grants – You must be an undergraduate student who can demonstrate a financial need to receive funds from Federal Pell Grants. You will not be eligible if you already have a bachelor’s, graduate, or professional degree. The maximum award for the 2023-24 year is $7,395.
Federal Supplemental Educational Opportunity Grants – Schools receive funding from the federal government to provide FSEOG funding to financially needy students. The program is not available at all schools, so you will need to verify if your school offers FSEOG.
Eligibility is based on your financial need and how much funding the school receives. Annual grants range between $100 and $4,000.
Teacher Education Assistance for College and Higher Education Grants – TEACH provides students pursuing teaching degrees with funding for school. Unlike other grants that are income-based, TEACH is program-based and has an additional condition.
TEACH has a service obligation that requires you to work four years in a high-need field or at a school that serves low-income families within eight years of graduating.
States and cities also have grants available to local students. You can also look up scholarships that are based on your academic, athletic, or personal accomplishments.
You can also find free money from the government to lower your housing costs.
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