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College Grants
College grants come in several flavors. The government provides several
grant and loan
programs for students, some of which are described below. Grants and loans
are different in that grants do not require repayment, whereas loans do.
The college grants outlined below are those offered through the Federal
government, via the Department of Education. There are a host of other
college grant and scholarship opportunities available from a number of
other public and private sources.
Learn
more about accessing other grant and scholarship resources.
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1) Federal Pell Grants
This grant program is the biggest college grant programs around, and
recently, the government decided to increase their funding for this
program. These grants are targeted to undergraduate students who have not
yet earned a bachelor's or higher. Pell grants often provide the
foundation from which students build on other sources of financial aid.
Read more about Federal Pell Grants
2) Leveraging Educational Assistance Partnerships (LEAP) (104 million)
This program was enacted in 1998, replacing what was formerly known as the
State Student Incentive Grants program. It provides dollar for dollar
matching funds to contribute to need based postsecondary assistance by
state. LEAP funds are awarded to individual states, and targeted to fund
state level grant programs assisting needy students pay college tuition
and support community programs. Work study programs fall under this
category.
The Special LEAP (SLEAP) Program
This program requires two to one (State to Federal Government) matching of
funds. These programs target a variety of programs, including scholarships
and early intervention programs.
3) The Supplemental Educational Opportunity Grant (SEOG) (193 million)
Started in 1993, this yearly grant allocation by the Federal Government is
given to institutions, where the programs are operated on campus. This
grant program uses a particular needs analysis system to determine
students with financial needs that are eligible for funds. The
contribution from the Federal Government can account for no more than 75%
of the funds for SEOG, with the institution matching the other 25%.
Undergraduate students who can demonstrate financial need can get
assistance of up to $4000 each academic year.
4) Trio Programs
These programs do not provide grants to students in the traditional sense.
This funding is allocated to institutions who voluntarily compete for
grant money. Over 1,200 universities, community colleges and colleges
presently offer TRIO programs. There are current several programs included
in TRIO and all target programs designed to assist students from
disadvantaged backgrounds, low income students, disabled students and
first generation college students.
These programs include:
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Educational
Opportunity Centers
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Ronald E. McNair
Postbaccalaureate Achievement
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Student Support
Services
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Talent Search
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Training Program for
Federal TRIO Programs
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Upward Bound
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Upward Bound
Math-Science
Learn more about
Trio
Programs.
Links to Internet sources for college grants and funding.
US News.com offers
information about Federal Education Grant Funding
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