College is a huge expense, one that many people hope to avoid. However, for those who do decide to attend college, the costs can quickly add up. One way to offset some of these costs is to receive a federal education grant. Here are four of the best free federal education grants for college students.
Types of Free College Grants
There are a number of different types of federal grants for college. Some are general, and may be available to any student, while others are restricted to certain types of students. The following is a brief overview of the most common types of free grants for college students.
The Federal Pell Grant is one of the most common forms of federal grant for college students. This grant provides financial assistance to low-income students who attend an eligible school. The maximum amount that a student can receive per year is $5,500, and the grant can be used at any school in the United States.
The Federal Work-Study Program provides financial assistance to students who are employed during their school years. This program allows students to earn money while attending school, and the earnings can be applied toward their tuition or other expenses. The program has several different options, including short-term jobs, part-time jobs, and full-time jobs.
The National Defense Education Grant (NDEG) provides financial assistance to help students who intend to pursue a degree in either engineering or science fields related to national defense. This grant is available only to undergraduate and graduate level students who are U.S. citizens or permanent residents and have been accepted into an eligible program at an accredited institution of higher education. The maximum amount that a student can receive per year is $4,000, and the grant cannot be used towards tuition costs at public universities.
The William Dickey Scholarship is one of the most prestigious types of free college grants. This scholarship is available to students who have a 3.0 or higher GPA and who demonstrate financial need. The scholarship is renewable for up to four years, and each year the amount of the scholarship increases. The application deadline for this scholarship is usually in early December.
Estimated Annual Out-of-State Tuition and Fees at Four-Year Public Universities
If you’re looking to attend a four-year public university, the estimated annual out-of-state tuition and fees at these institutions can range from $10,000 to $30,000. While these costs may seem high, many of these universities offer generous financial assistance programs that can offset a significant portion of the cost.
For example, the University of North Carolina at Chapel Hill offers students who qualify for need-based financial assistance an annual stipend of $7,500. In addition, many of these universities have student loan forgiveness programs that can completely cover the remaining tuition and fees. Therefore, if you’re able to qualify for aid, your total cost of attendance at a four-year public university may be lower than you think.
The Best Time To Apply for a Federal Student Aid Grant
There are a number of factors to consider before applying for a federal student aid grant. The best time to apply depends on the grant and your individual situation.
Federal grants are available at different times of the year. The application process may also be different depending on the grant.
To get started, use our free Federal Aid Grant Calculator to find out what type of federal student aid you may qualify for.
Once you know your eligibility, begin the application process by filling out the Free Application for Federal Student Aid (FAFSA). Applications can be submitted online or through your school’s financial aid office. You will need to provide information about your income and family situation, as well as information about your education and other expenses.
Some grants require additional documentation, such as a transcript or proof of college enrollment. Don’t wait until the last minute to apply for a federal student aid grant! Applying early will give you more time to gather the required documents and minimize delays in receiving your award money.
Final Thoughts
Congratulations on your upcoming college education! Whether you are enrolling in a four-year university or a two-year trade school, there are dozens of federal grants available to help pay for your tuition and other educational expenses. To make sure you get the most out of your federal education grants, be sure to read the application instructions carefully and research the grant categories that interest you the most. With a little preparation, you can ensure that your schooling is free and that you have all the resources necessary to succeed in college.
