The US government promotes higher education and offers one of the world’s best possible educational options to prospective students and has allotted a staggering $160 billion for the current financial year. With college education becoming expensive, it might be a bit difficult for the students especially on a tight budget to carry on higher education. But the US government offers various kinds of college grants to enable them to get college education.
College grants are actually excellent source of educational funding and the government has also launched various interesting funding schemes to encourage more and more students for higher education. The College Cost Reduction and Access Act, the National SMART Grant are some of the ways to help the students fund their studies. These education grants are meant for the academically bright students who want to pursue higher education.
The US Education Department’s different federal students’ aid program is the largest source of higher education grants in the US, not to mention the college grants. College grants are of different types to serve different purposes- the student grants to the students comes from low income families; subject specific grant to encourage more enrollment in under represented subjects; higher education grants to enable students go for doctoral studies, etc. The education department has an annual budget of more than $100 billion for scholarships, aids, grants and higher research. There are many subject specific grants available in the community colleges and the universities.
There are other types of education grants available like the Undergraduate Scholarship Program which encourages students to continue career in biomedical research. The other popular types of education grants are the PLUS loans and the Stafford loans that should be repaid but have very low interest rates. There are special college grants for women who would like to pursue higher studies. There are different types of grants that are provided to women like the Undergraduate Education Grants for Women.