Are Grants considered free money?
Yes, grants are free money and do not have to be repaid. They are available from the federal government, schools and private organizations, and state governments. Federal Pell Grants are the most popular and well-known of the grants. Federal Pell Grants are awarded to qualifying undergraduates who have not earned their degree. Full-time and part-time students with exceptional need can be awarded the Federal Supplemental Educational Opportunity Grant, FSEOG, program. These students have the lowest Expected Family Contributions, EFC. Your family’s EFC is determined by the Free Application for Federal Student Aid, or FAFSA. FSEOG grants do not have to be repaid. The awards for FSEOG have a range of $100 to $4,000 each year. Money granted is dependent upon the level of need, when you apply, and your school’s policies and funding level. FSEOG grants are awarded on a first-come, first-served basis and funds are limited. It is best to submit your FAFSA right after Jan. 1 to begin the qualific
