Federal grant programs provide money to students with no obligation to repay the award. Prioritize grants before taking out student loans. Both undergraduates and graduate students qualify for federal grants. However, some programs, like the Pell Grant, only award funds to undergraduates. Federal grants like the TEACH Grant also require a service obligation.
This section introduces federal grants, including the eligibility requirements and maximum annual awards.
The Federal Pell Grant program awards funds to undergraduates who demonstrate exceptional financial need. Eligibility depends on the student’s expected family contribution, the cost of their school, and their enrollment status. Recipients also cannot hold a bachelor’s or graduate degree. In the 2021-2022 academic year, recipients receive a maximum of $6,495.
The Federal Supplemental Educational Opportunity (FSEO) Grant supports undergraduates with exceptional financial need. The federal student aid program distributes FSEO funds to participating schools, which administer the program. Recipients receive up to $4,000 per year based on their financial need, available funds, and their other sources of financial aid.
The Teacher Education Assistance for College and Higher Education (TEACH) Grant provides up to $4,000 per year for educators in eligible programs. Applicants agree to teach in a low-income school or high-needs field after graduation. If recipients do not meet the service obligation, then they repay the grant as a loan.
The Iraq and Afghanistan Service Grant provides financial aid for the children of service members who died in Iraq or Afghanistan. Eligible applicants include students under 24 years old or enrolled in college at the time of the parent or guardian’s death. Students can receive up to $6,495 for the 2021-2022 award year.