In the college financial aid process , what is a Grant ?

A grant is a monetary gift to qualified undergraduate students, primarily with the most financial need. Eligibility is based on financial need as determined by filling out the FAFSA form. Two types of grants are Federal Pell Grant, and the Supplemental Educational Opportunity Grant. Due to limited funding, Federal Pell Grant recipients are given priority to receive Supplemental Educational Opportunity Grant. This is a federally funded, campus based program administered directly by the financial aid office at each participating school. Not all schools participate in both programs. It is important to apply for financial aid early using the FAFSA form so that both of these programs are available to your family.