Federal Grant-Direct Federal Student Aid Grants
Federal Student Aid, as an office of the U.S. Department of Education, provides a variety of financial aids to students and their families. One of the methods used by the office to provide financial assistance to those in need is the grants given out by the office. However, there is not a single type of grant, and a good knowledge of the grants is required to make a sound and right application. Here is some information on the types of grants provided directly by Federal Student Aid, and their eligibility criteria.
The first and most well-known of these grants is Federal Pell Grants. This grant is awarded to students whose income can be categorized as low or middle. Therefore, this grant can be categorized as a need-based grant. How much a student will be awarded is dependent on the income level of the student and his or her family in addition to how high the student's cost of education will be.
Academic Competitiveness Grants constitute the second category of direct grants given out by the office. As the name of the grants suggests, they are awarded to students who have built a strong academic record throughout their secondary education. This category belongs to merit-based grants as opposed to the Federal Pell Grants and Federal Supplemental Educational Opportunity as explained above. However, to apply for this grant, the student should also be eligible for the Federal Pell Grants, which makes the grant need-based as well. If the student satisfies all the above conditions, and is in his or her first or second year of the undergraduate studies, he or she can apply for this grant.
The next category of grants is the National Science and Mathematics Access to Retain Talent, often referred to as National SMART. This grant is awarded only to those students who are at their third, fourth or fifth year of undergraduate study. Furthermore, it is necessary that the applicants study in one of the following fields: physical sciences, life sciences, computer sciences, mathematics, technology or engineering. National SMART also accepts applicants who are studying a foreign language "determined critical to national security". Finally, candidates should again be eligible to apply for Federal Pell Grants as well to be eligible under this scheme.
The next category of grants carriesthe name Teacher Education Assistance for College and Higher Education Grants (TEACH). As its name suggests, the grant is specific to those students involved in a career in teaching. However, it is not necessary for the students to have completed their coursework in the related field; they might also still be going on with their coursework. The important point of this grant is that, if you are awarded TEACH, you have to make an agreement with Federal Student Aid. This Agreement to Serve that needs to be signed gives the student the liability to work as a full-time teacher under conditions that will be set out by Federal Student Aid.
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