The most commonly offered need-based grant program is the Federal Pell Grant, which is made available to about 10 million college students each year.
Individual states may also offer need-based grants to students who reside within their state.
Grants are also offered by individual colleges to help offset the costs after all other available federal and state aid has been applied.
In order to qualify for any grant funding, you must first file the FAFSA form.
The earlier that you file your FAFSA form, the better your chances will be to qualify for grants from colleges. This is because school-based grants are awarded on a first come, first serve basis.
Grants aren’t scholarships, and don’t follow the same guidelines for eligibility. Financial need is the primary method used in determining grant eligibility.
Learn more about the different college grants that are available: