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What Are The Types Of Federal Grants In The U.S.?

The Federal Government allows funds to universities and colleges regularly. These are crucial for running their educational programs and managing the institutional costs. However, the students cannot avail of this money directly to pay for their tuition. Students need to consider the types of federal grants for students in the U.S. for the same. This article discusses the types of federal grants in the U.S. and the application procedure.

Types Of Federal Grants In The U.S.

Types of grants based on issuing authority

There are two kinds of grants by the Federal government:

  • Discretionary Grants: Grants given by the Federal government’s agency.
  • Formula/Block Grants: Grants that issue Federal money to States, counties, or cities for further distribution to communities or social service providers. (under their own rules)

Education grants based on situation

On the educational front, the federal grants for students can be either merit-based or need-based.

  • Need-based Grants: The applicants who are financially needy based on the total income, criteria such as family’s contribution, etc., are eligible for the need-based grants.
  • Merit-based grants: The applicants with excellences in performances or other achievements compatible with a set of standards are eligible for merit-based grants.

Significant types of federal grants

The U.S. Department of Education (E.D.) issues various federal grants to individuals attending community colleges, four-year colleges or universities, and technical and career schools. These are the four major types of grants provided by the federal government:

  • Federal Pell Grants
  • FSEOG – Federal Supplemental Educational Opportunity Grants
  • TEACH – Teacher Education Assistance for College and Higher Education Grants
  • Iraq and Afghanistan Service Grants

Types of Grants based on Student Groups

  • Veterans and National Guard members
  • Under-represented groups
  • Students who choose specific careers
  • Foster care youth
  • Students with disabilities

Applying for Student Grants

Student Federal Grants are issued to eligible students who are in financial need and wish to pursue higher education. The state or federal governments can provide these grants.

As the first step of the application, you need to fill and submit the FAFSA form (Free Application for Federal Student Aid). For continuously availing of financial aid while enrolled in the school, you need to fill the form every year. Mostly you need not pay back the Student Federal Grants. However, sometimes, you might have to repay the grants provided you withdraw early from an enrolled institution, or you are the recipient of external scholarships.

Eligibility for Grants

For applying for student federal grants, you need to fill the FAFSA form. You can access the form on the Department of Education’s website. The information that you provide during the application will determine your eligibility for the type of Student grant/Loan. Therefore, it is very important to list the school’s name to be informed about your application status.

Eligibility for grants

Applying For Student Loans

Firstly, research for different types of student federal grants that you are eligible for. Then, devise a repayment plan and fill the application by providing accurate details. The main difference between loans and grants is that the funds availed through loans need to be repaid, which is not valid for the latter.

Why join a trade school?

A trade school provides you with the best practical experiences and makes you ready for an industrial job. Trade schools offer programs that cost less than 25% of a regular college program and are shorter in duration. Trade schools also have higher economic opportunity costs as it makes you ready for the job market and competent with ample amount of employment opportunities.

Concluding Notes

Student federal grant is not priceless/ free money. For continuous availing of the same, you must reapply yearly on time within the stipulated deadlines. Always provide accurate information and proper documents (Financial and tax returns) to support your applications. Inform your school authorities in case of any modifications in the enrollment status. You can avail of assistance from the financial aid office in case of any queries or problems. You can make the best use of this opportunity and accelerate your career advances for a better future with various types of federal grants. You can also enroll yourself in a program of your choice at one of the best trade schools in Philadelphia and become a certified industrial professional.

Philadelphia Technical Training Institute’s curriculum provides appropriate technical education that encourages high expectations for success with federal grants in Philadelphia. In addition, our education system- the skilled trade programs allow individuals with varied knowledge and learning styles to acquire technological and soft skills and secure long-term employment in diverse industries. As a result, students receive immense employment opportunities in skilled trades in Philadelphia.

Read more:

 

Admissions in Trade School in Philadelphia | Grants & Financial Aid for trade school | Trade schools in Philadelphia | Vocational School in Philadelphia

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