Free Money for College: Grants
Grants are awards that don't have to be repaid, are usually based on financial need and are considered a gift from your school, the federal government, the state or a private foundation.
There are three types of federal grants: Federal Pell Grants, Federal Supplemental Educational Opportunity Grants (FSEOG), and TEACH Grants. The amount awarded is based off of Expected Family Contribution (EFC) and Cost of Attendance but maximum limits apply for each program. TEACH Grants are not based on financial need.
States also issue grants to needy students. To be eligible for a Rhode Island State Grant, your FAFSA must be received by the federal processing center by March 1. If you are not a Rhode Island resident, check with your state’s department of education to learn about opportunities in your state.
If you are still eligible for aid after you have been considered for federal and state aid, colleges will usually award their own sources of financial aid. The college award is typically in the form of a college grant. College grants may be based on need, merit or some combination. Contact your college for details on their grant programs.
Below is a description of each grant program: