What are Grants?

Posted: June 10, 2016 | Author: Southern Utah University | Read Time: 1 minutes

Students sitting on bench on campusWhat is a grant?
A grant is a form of financial aid that does not have to be repaid or earned by working. Grants are usually based on financial need; however, academic merit may also be considered.

What is a Pell Grant?
Money awarded directly to students by the federal government. Only undergraduate students may receive federal Pell Grants. To apply for a Federal Pell Grant and other federal financial aid, fill out the Free Application for Federal Student Aid (FAFSA).

What are the requirements for a Pell Grant?
A 2.0 GPA is required to maintain eligibility. Students who have exceeded 150% of the amount of time it takes to earn a bachelor's degree will no longer be eligible for the Pell grant. Eligibility is determined by the US Department of Education by filling out the FAFSA.

Find the version of this article in Spanish here: ¿Qué son los Subvenciones?

Tags: Blog Financial Aid

Related Posts