When it comes to paying for school, you're not alone. Grants, work-study, and low-interest loans help make college affordable. Financial aid is available from a variety of sources for college, career school, graduate school, and professional school.
Financial aid is money to help pay for college or career school. Aid can come from: the U.S. federal government, the state where you live,vthe college you attend, or a nonprofit or private organization.
One of the best places to start is with U.S. Department of Education. ED offers three kinds of grants:
- Discretionary grants: awarded using a competitive process.
- Student loans or grants: to help students attend college.
- Formula grants: uses formulas determined by Congress and has no application process.
Here are some links to help get you govenment money for you or you children's education:
- Federal Pell Grant: unlike a loan, a Pell Grant does not have to be repaid. Federal Pell Grants usually are awarded only to undergraduate students who have not earned a bachelor's or a professional degree. (FPG)
State Grant Agency: Provides information on grants, scholarships, and other financial aid for college students from the state, including federally-supported state programs such as Byrd scholarships and LEAP (Leveraging Educational Assistance Partnership) grants. (SGA)
U.S. Department of Labor’s Free Scholarship Tool: Search more than 7,000 scholarships, fellowships, loans, and other financial aid opportunities. (USDLFST)
A Federal Supplemental Educational Opportunity Grant is a grant for undergraduate students with exceptional financial need. To get an FSEOG, you must fill out the Free Application for Federal Student Aid (FAFSA®) so your college can determine how much financial need you have. Students who will receive Federal Pell Grants and have the most financial need will receive FSEOGs first. The FSEOG does not need to be repaid. (FSEOG)
A TEACH Grant can help you pay for college if you plan to become a teacher in a high-need field in a low-income area. The TEACH Grant Program provides grants of up to $4,000 a year to students who are completing or plan to complete course work needed to begin a career in teaching.