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Free Money for College- Paying for School with Grants

By Karen Schweitzer, About.com

Grants are a wonderful way to finance your college education, because unlike loans they do not have to be paid back. Students can receive grants from a variety of sources, including private organizations, educational institutions, professional associations, and federal and state governments.

Grants may be awarded based on a student’s financial need, ethnicity, religious affiliation, record of achievement, association, or special interests.

Click on the links below to learn more about the different types of grants that are available.

  • Federal Pell Grant - The Federal Pell Grant Program provides grants to undergraduate and postbaccalaureate students. Grants are need-based and are designed to help low-income students pay for schooling. Grant amounts are dependent on the cost of education and the student's expected family contribution (EFC).
  • Federal Supplemental Education Opportunity Grant - The FSEOG Program supports post-secondary education by providing need-based grants to low-income undergraduate students. Grant amounts vary. Students who get this grant typically have a very low EFC and are usually Federal Pell Grant recipients.
  • Leveraging Educational Assistance Partnership (LEAP) - This state-administered program awards need-based grants to eligible postsecondary students.
  • Robert C. Byrd Honors Scholarship Program - This federally funded and state-administered program awards grants to exceptional high school students.
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