Education Grants are probably one of the most plentiful types of grants. There are millions in education grants available, if you know where to search. Sometimes the most difficult part of the grant process is determining which funding source best suits your need. You need to understand the different types of education grants before you begin your search.
If you are an individual looking for an education grant to further your secondary education, there are two options available to you – Pell Grants and Scholarships. A Pell Grant is money the federal government provides for students who need it to pay for college. Pell Grants are limited to students who fall within a low-to-moderate income level. This is an education grant and does not have to be repaid as long as the funds are used for the intended purpose. In some cases restrictions may be placed upon the education grant giving the recipient a limited amount of time to utilize the funds, a specific university or college to attend, and the requirement of passing classes.
A scholarship is an award of funds to pay for tuition and in some cases books, room and board, etc. Scholarships are awarded on various criteria usually reflecting the values and purposes of the donor or founder of the award. Most students are aware of education grants being awarded in the form of scholarships, if students excel academically or athletically. The reality is there are scholarships out there for all types of students. Foundations offer students grants for education for various reasons. Sometimes the criterion for applying is the student’s choice of study or career. Foundations are able to award education grants to students based upon the donor or founder’s preferences, which is why the criteria for awards differ in each situation.
There are also education grants available to not-for-profits interested in pursuing research in specific areas, offering educational services to targeted population, and a variety of other educational opportunities. Many of these types of education grants are for scientific studies, youth education, adult illiteracy education, adult career education, or low-to-moderate income targeted population education.
As an individual looking for an education grant, the best place to begin your search for education grants is your school counselor or the financial department of the university/college of your choice. If you are a not-for-profit, beginning at www.grants.gov for federal sources of education grants is the best choice. This website offers you the opportunity to search all the federal agencies grant opportunities and then submit an application electronically. The registration process can be lengthy so be sure to allow yourself plenty of time to register. Once you determine what education grants you are eligible for, make sure to carefully read the instructions as you complete the application.