what is a grant?

Question

like for example a grant to go to college

Answer 1

A grant is money you do not have to pay back to the government (state or federal) or an organization unless you do not fulfill the stipulations of the grant (such as grades or missing the completion deadline for the grant). For a college grant, it is the Pell Grant. You have to meet certain income considerations to receive one. The amount given will be based on a percentage formula of your income and savings (at a higher percentage rate) along with your family's income and savings. It also takes into consideration the family size and how many will be attending college in that time period. The form becomes available January 1 for the upcoming fall academic year. This needs to be completed before the earliest financial aid deadline for the first year of all the schools you apply for admission. It needs to be completed each year until you graduate from college. It also qualifies you for need base financial aid from the school itself. I will include some free pages below which should help. Good luck!

Answer 2

A grant is a term you really want to see on a financial aid letter sent to you from the college you want to attend. It is a term in the financial aid world that means that you have been given money and you do not need to repay it.

There are also grants given to colleges to implement certain types of programs. These grants are not given to students.

Make sure you learn about the financial aid world if you are starting college. You can look at www.finaid.org - it is an excellent source of information.

Also feel free to ask me more questions on www.PayTuition.blogspot.com

Answer 3

A grant is basically "free" money for you to use on your studies. Grants are often given to support specific research or projects, or if you have a special background.