The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • QR Code
  • Books
  • Categories
  • Coaching
  • Hire Lynnette
  • Money Coach University™
  • The Money Coach Recommends™
No Result
View All Result
The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • QR Code
No Result
View All Result
The Money Coach
No Result
View All Result

Types of Federal Grants Available for College

Lynnette Khalfani-Cox, The Money Coach by Lynnette Khalfani-Cox, The Money Coach
in Paying for College
Reading Time: 2 mins read
Federal Grants
8
SHARES
138
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Federal grants can help you cover some or all of the costs of your college education and unlike student loans, grants do not need to be paid back.

Grants are often called a “gift aid” and are based on need. If you apply for a federal grant, you will need to submit a Free Application for Federal Student Aid (FAFSA).

The U.S. Department of Education will then work with your college or career school to determine whether you are eligible for a grant, how much you can get, and when you would start receiving it.

The U.S. Department of Education offers a few different types of grants to eligible students.

One of the basic requirements for getting these grants is that you need to be attending a four-year college or university, community college, or career school.  Here’s a closer look at each grant:

Federal Pell Grants

These grants are usually only rewarded to undergraduate students who have not already earned a bachelor’s or a professional degree.

However, this grant can be awarded to students enrolled in a post-baccalaureate teacher certification program.

For the 2012-13 school year, the maximum Federal Pell Grant you can receive is $5,550 and the minimum Pell Grant award is $577.

The amount received depends on financial need, cost of attendance, part-time or full-time status, and your plans to attend school for the full academic year or less.

Federal Supplemental Educational Opportunity Grants (FSEOG)

This grant is designed for undergraduate students that can demonstrate exceptional financial need.

Your college will need to determine what your financial need is based on your FAFSA application.

A school’s financial aid office is responsible for administering this program but not all schools participate. The award amount is between $100 to $4,000 a year, depending on need.

Teacher Education Assistance for College and Higher Education (TEACH) Grants

If you plan to become a teacher in a high-need field and in a low-income area, you may be eligible for this grant.

This is different from federal student grants because you do need to take certain types of classes to qualify for the grant, and then choose a specific career path.

You also need to teach for at least four complete academic years within eight years after completing your educational program.

Iraq and Afghanistan Service Grants

If your parent or guardian was a member of the U.S. armed forces and died as a result of military service performed in Iraq or Afghanistan after the 9/11 events, and you were under 24 years of age or enrolled in college at least part-time when your parent or guardian died, you may be eligible for this grant.

The grant is equal to the amount of the maximum Federal Pell Grant for that award year.

Tags: FAFSAFederal Pell GrantsFSEOGTEACH Grants
Previous Post

What Happens If You Get a New Social Security Number

Next Post

5 Money Mistakes Women Make – And How to Fix Them

Related Posts

The High Cost of Test Prep and the PSAT Exam

by Lynnette Khalfani-Cox, The Money Coach

Here’s my daughter, Alexis, studying for the PSAT. As with all 3 of my kids, I was her tutor, using my knowledge + study guides. Private test prep? Kaplan: up to $1,300, for unlimited hours online. Princeton Review: up to $2,700, for 18 hrs. So I saved money, and spent...

What to Do If You Can No Longer Afford to Pay for College Due to COVID-19

by Lynnette Khalfani-Cox, The Money Coach

If you are struggling to pay for college due to COVID-19, all hope is not lost. There are steps you can take to still pay for college: 

college tuition

4 Hidden College Costs Every Parent and Student Should Know

by Lynnette Khalfani-Cox, The Money Coach

Like most parents of high school teenagers and college students, this is the time of year when my husband and I start focusing a lot more seriously on higher education expenses. Thankfully, when our oldest daughter went off to college, she initially won a ton of scholarships. She’ll turn 20...

college visits

3 Ways College Visits Help With Admissions, College Selection and Finances

by Lynnette Khalfani-Cox, The Money Coach

Every year, millions of students across America never get to go on college tours and college visits – and preview the schools to which they’re applying – mainly because it can be costly and time-consuming to make a college road trip. Nonetheless, college bound teenagers, transfer students and parents should...

College Scholarships for Adults

by Lynnette Khalfani-Cox, The Money Coach

Q: I am 44 year old veteran who would like to attend college where are the grants, scholarships, etc for older adults? I have had no luck in locating any. Everyone wanting to obtain a higher education is not a high school junior or senior! A: Thanks for reaching out...

Winning College Scholarships

Winning College Scholarships Video Course – Free Preview

by Lynnette Khalfani-Cox, The Money Coach

If you or someone you know could use scholarships or grants to help pay for college, I have great news! I’ve just launched my first video course via Udemy, an online learning platform – and the debut course is called Winning College Scholarships: 10 Secrets to Earning $500,000 or More...

college textbook costs

Why It’s Never Too Early or Too Late to Win College Scholarships

by Lynnette Khalfani-Cox, The Money Coach

College scholarships aren’t just awarded to high school seniors planning to enroll as freshmen in the college or university of their choice. Anyone, of almost any age, can win a scholarship or grant – netting the recipient free money for college. Here’s a snapshot of college scholarships and cash awards...

Load More

Popular Posts

  • Car repair

    What to Do If You Can’t Afford a Car Repair Bill

    1369 shares
    Share 548 Tweet 342
  • What to Do if Your Spouse Stole Money From You

    1159 shares
    Share 464 Tweet 290
  • What to Do If You Can’t Afford to Leave Your Spouse

    1097 shares
    Share 439 Tweet 274
  • Here’s Why I Pay My Kids For Good Grades (And Maybe You Should Too)

    999 shares
    Share 399 Tweet 250
  • What Do All Those Strange Codes In My Credit Report Mean?

    809 shares
    Share 324 Tweet 202
  • Do This Now If Your Wages Were Not Reported

    736 shares
    Share 294 Tweet 184
  • How to Find Out if a Debt Collector is Licensed to Collect Your Debt

    713 shares
    Share 285 Tweet 178

All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

©2009-2023 TheMoneyCoach.net, LLC. All Rights Reserved.

RSS / Sitemap /Submit an Article / Privacy Policy / LynnetteKhalfaniCox.com

No Result
View All Result
  • Books
  • Categories
  • Contact Lynnette
  • Get Coaching
  • Hire Lynnette
  • Money Coach University™
  • The Money Coach Recommends™
  • Home
  • Subscribe to Newsletter
  • QR Code

©2009-2021 TheMoneyCoach.net, LLC. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist