Department of Education Grants
The US Department of Education offers U.S citizens 3 kinds of grants:
- Discretionary grants
- Student loans or grants
- Formula grants
Are awarded using a competitive process. Every discretionary grant has its own criteria and requirements and every application is being closely reviewed by the Department in order to allocate funding in the best manner per program. For a list of discretionary grant program for 2013, go to
Student loans or grants
Are meant to help students attend college. The good thing about a grant is, that unlike a loan, a grant doesn’t need to be repaid. The famous Pell grant is awarded each year across the country, and the amount given varies (in 2011-2012 the max award was $5500) and depends on financial need, college costs , status (full-time or part-time student) and plans to attend school for a full academic year or less. To apply for a pell grant you must first complete
the free application for federal student aid. As for student loans, there are 2 federal student loan programs:
- The William D. Ford Federal Direct Loan in which the U.S. Department of Education is your lender.
- The Federal Perkins Loan Program is – In which the school is your lender.This program is for undergraduates and graduate students with unusual financial need.
Another way to get aid is via Work-Study Jobs. This program provides part-time jobs for undergraduate and graduate students, helping them to earn money in order to help pay education expenses.
A formula grant uses formulas determined by Congress to help determine who qualifies for specific grants. That is why there is no application process for a formula grant. The formula takes elements such usually related to demographics to determine eligibility. For example: Grants for Infants and Families program,the Preschool Grants program authorized by Part B Section 619 for children ages 3 through 5 and others.
To learn more about the different types of grants, please visit the U.S department of education website.