Covering college costs with grants
Generally, your school will pay out your grant money in at least two payments called disbursem*nts. Typically, the college applies your grant money toward your tuition, fees, and (if you live on campus) room and board. Any money left over is paid to you for other expenses.footnote 2
Most college grants are not guaranteed for all years of college. For example, you may become ineligible for a need-based grant if your family’s financial situation changes dramatically from one year to the next. Similarly, merit-based grants may not be guaranteed every year either. You might be required to maintain a certain GPA or meet other criteria to qualify for the grant.
If you’re offered grants for college, make sure you understand all the requirements and how you can qualify in the future—and remember to fill out your FAFSA every year.
Learn about specific grants for college students
Federal Pell Grantsare usually awarded only to undergraduate students. The amount of aid you can receive depends on your financial need, the cost of attendance at your school, and more. The Pell Grant application process is the same as any federal financial aid process—you need to complete the FAFSA.footnote 3
TEACH Grantsprovide grants to students who agree to teach in a high-need field for four years at an elementary school, secondary school, or educational service agency that serves students from low-income families. You’ll need to apply for a TEACH Grant every year by submitting the FAFSA. You’ll also need to complete TEACH Grant counseling and sign a new Agreement to Serve every year and meet other requirements.footnote 4
Federal Supplemental Education Opportunity Grants (FSEOG)assist low-income undergraduate students who need a lot of financial aid to help pay for college. Each participating school receives a certain amount of FSEOG funds each year from the U.S. Department of Education’s Office of Federal Student Aid. Once all of the school’s FSEOG funds have been awarded to students, no more FSEOG awards can be made for that year.footnote 5
Iraq and Afghanistan Service Grantsare available to students whose parent or guardian died as a result of military service after September 11, 2001, in Iraq or Afghanistan and meet other eligibility requirements.footnote 6
College grants for international students
There are college grants available to international students. Grant programs and financial aid for international students are not as abundant as those for domestic students. However, there is still a variety of grants for collegededicated specifically to supporting international students.
TheFulbright Programis an international educational exchange program sponsored by the U.S. government. Its purpose is to create mutual understanding and connections between Americans and people of other countries.footnote 7
