Tips on Grants:1. Grants and scholarships are often called “gift aid” because they are free money—financial aid that doesn’t have to be repaid.
2. Grants are often need-based while scholarships are usually merit-based.
3. Grants and scholarships can come from the federal government, your state government, your college or career school, or a private or nonprofit organization.
4. Grants require the student to be eligible for an award.
5. Eligibility requirements vary by the sponsoring group.
Where to Find Information on Grants:
Federal Grants.gov Federal Grants
The Department of Education (DOE) offers three (3) types of grants:
- Discretionary grants, awarded using a competitive process.
- Student loans or grants to help students attend college. .
- Formula grants use formulas determined by Congress and has no application process.
Looking to Study Abroad?
IEFA.org (International Education Financial Aid)
IEFA is a resource for financial aid, college scholarship and grant information for U.S. and international students wishing to study abroad.