Grants are a form of financial aid, based on need, which you do not have to repay. Many private organizations and government agencies offer grants to
students in all fields. The easiest way to find information about fellowships
and grants is online.
Below, are just a few links to get you started in your search for grant resources online.
are awards offered to incoming graduate students not undergraduates. As such
most high school students don't need to worry about them. Generally these awards
accompany admission to a graduate program and cover all expenses, including
tuition and a living stipend.
Fellowships are grants for post-graduate study, research or work placement.
They are usually awarded to graduate students based on the applicant's academic
excellence. Financial need is rarely taken into account.
Most fellowships provide a stipend for living expenses in addition to funds
for tuition, fees, and other educational expenses. Most fellowships are awarded
to students who pursue specific research projects, or attend specific
universities only. Each fellowship has its own eligibility requirements and
awards - make sure you are eligible before applying.
All About Grants
much money can you get from an FSEOG?
do you apply for a Federal Grant?
What is a grant?
A grant is a monetary gift to qualified undergraduate students, primarily
with the most financial need. Eligibility is based on financial need as
determined by the FAFSA.
Two types of grants are Federal Pell Grant, and the Supplemental Educational
Opportunity Grant (SEOG).
Due to limited funding, Federal Pell Grant recipients are given priority to
receive SEOG's. This is a federally funded, campus-based program administered
directly by the financial aid office at each participating school. Not all
schools participate in both programs. It is important to apply for financial aid
early so that both of these programs are available to you.
The Federal Pell Grant
A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants
are awarded only to undergraduate students who have not earned a bachelor's or
professional degree. (A professional degree would include a degree in a field
such as pharmacy or dentistry.) For many students, Pell Grants provide a
foundation of financial aid to which other aid may be added.
Who is eligible for a Pell Grant?
Pell Grants are awarded on a financial need basis. Financial need is calculated by subtracting
the Expected Family Contribution (EFC) from the cost of attendance, and is the standard
formula the U.S. Department of Education uses to evaluate the information you
report when you apply. If your EFC is below a certain amount, you'll be eligible
for a Federal Pell Grant, assuming you meet all other eligibility requirements.
How much money can you get?
Awards for the 1999-2000 award year (July 1, 1999 to June 30, 2000) will
depend on program funding. The maximum award for the 1998-99 award year was
$3,000. You can receive only one Pell Grant in an award year. How much you get
will depend not only on your EFC but also on your cost of attendance, whether
you're a full-time or part-time student, and whether you attend school for a
full academic year or less. You may not receive Pell Grant funds from more than
one school at a time.
The Federal Supplemental Educational Opportunity Grant
A Federal Supplemental Educational Opportunity Grant (FSEOG) is for
undergraduates with exceptional financial need--that is, students with the
lowest Expected Family Contributions (EFCs)--and gives priority to students who
receive Federal Pell Grants. An FSEOG doesn't have to be paid back.
What's the difference between the FSEOG and Federal Pell
The U.S. Department of Education guarantees that each participating school
will receive enough money to pay the Federal Pell Grants of its eligible
students. There's no guarantee every eligible student will be able to receive an
FSEOG; students at each school may be awarded an FSEOG based on the availability
of funds at that school.
How much money can you get from an FSEOG?
You can receive between $100 and $4,000 a year, depending on when you apply,
your level of need, the funding level of the school you're attending, and the
policies of the financial aid office where you attend school.
How do I apply for a Federal Grant?
You can apply for a Federal Grant in the same way you would any other
Federally funded aid program, filling out the FAFSA. You can fill out the FAFSA online, or fill out the form and mail it in. Ask your guidance counselor for a
copy or contact the Federal Student Aid Information Center at P.O. Box 84,
Washington, DC 20044, 1-319-337-5665.
For additional information about applying for financial aid and the FAFSA,
refer to the Applying
for Financial Aid section.
If you are really interested in fellowships you should
take a look at the Scholarship
and Fellowship Databases page, which links to dozens of scholarship and