FAFSA Grants are offered by the federal government to students attending a career or college. Unlike loans, the majority of grants are forms of financial assistance that rarely require repayment.
FAFSA is a free Application for Federal Student Aid form completed by current and prospective college students in the United States to determine their eligibility for student financial aid.
The FAFSA is different from than CSS Profile, which is also required by some colleges.
FAFSA Grants for Students
The federal government, your state government, your college or career school, a corporate corporation, or a nonprofit group may all offer grants.
Do your homework, submit grant applications if you’re qualified, and remember to stick to submission dates!
If you receive a TEACH Grant and fail to fulfill your service commitment, for example, or if you withdraw from school before the end of an enrollment period like a semester, it may be necessary to repay all or a portion of the grant money.
Types of Grants
The U.S. Department of Education (ED) provides students enrolled in four-year institutions, community colleges, and career schools with a range of government funds. To find out more information and to find out how to apply, look into the grant programs:
1. Federal Pell Grants
2. Federal Supplemental Educational Opportunity Grants (FSEOG)
3. Iraq and Afghanistan Service Grants
4. Teacher Education Assistance for College and Higher Education (TEACH) Grants
Grant Eligibility
Most of our grants (listed above) are awarded only to students with financial needs.
1. If you are interested in our grants, or in any federal student aid, start by submitting a Free Application for Federal Student Aid (FAFSA®) form. To continue receiving federal student aid, fill out the FAFSA form every year you’re in school.
2. Visit the individual pages for each of the grants listed above to learn about additional eligibility and application requirements.
3. Once you’ve submitted a FAFSA form, your college or career school will let you know how much you may receive and when you may receive it.
Maintaining Eligibility for Grants
The criteria for continuing to be eligible for a grant change depend on the program. To make sure you continue to be eligible for that program, please check the specific page for the grant that applies to you.
When You May Have to Repay a Grant
Here are some examples of why you might have to repay all or part of a federal grant:
1. You withdrew early from the program for which the grant was given to you.
2. Your enrollment status changed in a way that reduced your eligibility for your grant (for instance, if you switch from full-time enrollment to part-time, your grant amount will be reduced).
3. You received outside scholarships or grants that reduced your need for federal student aid.
4. You received a TEACH Grant, but you did not meet the requirements of your TEACH Grant service obligation.
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FAFSA Grants Repayment
If you need to pay a part of your grant, your school will let you know. You will then have 45 days to repay that amount of the grant in full or to come to an acceptable repayment agreement.
If you come to an acceptable repayment plan, the school may either hold the debt and let you pay it back directly to the school, or it may assign it to ED for collection.
You will no longer be eligible for additional federal student aid if you choose not to implement one of the above choices.
Note: Your TEACH Grant servicer will let you know whether your grants are converted to Direct Unsubsidized Loans if you don’t complete your service requirements for a TEACH Grant. After that, you must pay back the loans to ED, with interest added as of the TEACH Grant’s disbursement date.
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