Mike Davies
May 2016

Most Common College Grants – Video

When it comes to college, you want to have all the money saved up that you can to help pay. Sometimes, it isn’t enough and you have to take out financial aid. However, there is free money available in the form of scholarships and college grants that can help you out tremendously. So which college grants are the most common? Here is a look at the ones that you can apply for today.

Pell Grant

The Pell Grant is given by the Federal Government and is by far the most common. After filing your FAFSA, if your Expected Family Contribution is under $20,000 you likely will qualify for the Pell Grant. It can also add up to a lot of money, as well, totalling a maximum of $5,635. However, you shouldn’t expect to see the maximum amount.

Federal Supplemental Educational Opportunity Grant

For those that have an even greater financial need, the FSEOG is another Federal Grant that remains popular. The minimum reward is $100 and can go all the way up to $4,000. This is reserved for students with the lowest EFC numbers.

Academic Competitiveness Grant

If you have received one of the Pell college grants you may also be eligible for this one. For freshman, you can receive $750 and $1,300 in your second year of school. It makes for a great supplement to the Pell Grant.

National Science and Mathematics Access to Retain Talent Grant

Since the Federal Government is putting such a premium on the math and science fields, you can receive $4,000 a year for two years if you are a major in these fields. It is common but still one of the most prestigious college grants that you can find.

Schools also give their own grants, as well as each individual state. Make sure to look up the grants in your school/state to see what is available for you.

Make sure to always check back with us at Ameritech Financial for more and up to date information on student loans.


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Mike Davies

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