Programs that provide free government grant money for education include the Federal Pell Grant, the Federal Supplemental Educational Opportunity Grant and the Teacher Education Assistance for College and Higher Education Grants, the U.S. Department of Education notes. Grants are often referred to as gift aid, because the money does not have to be repaid.Continue Reading
Federal Pell Grants are generally awarded to undergraduate students who have yet to earn a professional or bachelor's degree, the Department of Education says. If eligible for the Pell grant, the student receives the full amount he qualifies for. Each school that participates in the Pell grant program receives the funds from the Department of Education to apply towards each student. Other aid the student may qualify for does not affect the amount of the Pell grant.
The Federal Supplemental Educational Opportunity Grant helps undergraduate students who demonstrate a financial need, have not yet earned a professional or bachelor's degree, Benefits.gov explains. Priority is given to those who receive Pell grants. The Federal Supplemental grant ranges from $400 to $4,000 per year, as of 2016.
The Teacher Education Assistance for College and Higher Education Grants is for those who plan on becoming a teacher, willing to teach in a high-need field such as foreign languages, science and math, and teach in a low-income area, Sallie Mae explains. Those who receive this grant can receive up to $4,000 per year, with a maximum of $16,000 for college and $8,000 for graduate programs, as of 2016.Learn more about Credit & Lending