What Are the Different Types of Government College Grants?
There are three main forms of government college grants, the Federal Pell Grant, the Federal Supplemental Education Opportunity Grant (FSEOG), and work-study programs. While there are many different types of financial aid available to pay for college, government college grants are considered an excellent choice because they do not have to be repaid. Qualifications differ for each type of federal grant, but are based, at least somewhat, on one’s ability to pay.
There are three main forms of government college grants, the Federal Pell Grant, the Federal Supplemental Education Opportunity Grant (FSEOG), and work-study programs. While there are many different types of financial aid available to pay for college, government college grants are considered an excellent choice because they do not have to be repaid. Qualifications differ for each type of federal grant, but are based, at least somewhat, on one’s ability to pay. The Federal Pell Grant is probably the most widely known government college grant. To qualify for this grant, the applicant must prove financial need. Need is not based strictly on income, it includes the number of people currently living in the household, the number of people in the home currently attending college, and family assets other than income.
