Federal Grants are monetary help that are offered to the students on the basis of their merit or financial needs to pursue higher education. What do students need to do to get more knowledge but can’t satiate it due to the financial condition of your family? The government is now lending you a helping hand to overcome your shortcomings.
What is a Federal Grant? The Federal Grants are monetary aids that are financial aids which are provided to the students for higher education. Federal Grants are offered to those students who cannot afford the expense of college. Federal Grants differs from the educational loans as you don’t need to pay the money back. It also differs from the scholarship as it is not offered by a specific group of people to the students of a particular stream and you also don’t need to have exceptional grades to enjoy the benefits of Federal Grants. When, Why and How was the Federal Grants started? The Federal Grants came into the picture long before the formation of the US Constitution. It was initially started by the United States Congress. Federal Grants primarily came as monetary help from the local government to people suffering from natural disasters, internal improvements, civil disturbances and expansion. The Federal Grants that we are aware of today was created during the 1910. Today there are over 1000 various Federal Grants program which acquires government help of about $439 billion. Various types of federal grants for college: The Federal Grants are offered by the Free Application for Federal Students Aid or FAFSA. The Federal Grants for colleges that are in existence today are basically of two types: 1. Merit based 2. Financial need based 1. Merit Based Federal Grants: These Federal Grants are offered from the state to those students who have been exceptional in their academic performances. These Federal Grants are offered to those students who have acquired a certain GPA. These may be combined along with the income of the student or student’s family. But to apply for these Federal Grants you need to fulfill the FAFSA criteria. For more information you may also consult the state’s official website. 2. Financial Need Based Federal Grants: This is the most common type among the various kinds of Federal Grants available in the states. It offers financial assistance to those students who are not capable of coping up with the college expenses. It takes into consideration the cost of attendance as well as the financial help that your family is capable of providing. It also checks your urge to attend the college. Apply for Grants:
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