The more money you can get in grants and scholarships, the less you’ll need to borrow. And it’s money that you don’t have to repay.

Federal or state government money awarded to a student based on financial need or academic achievement. Does not have to be repaid.

Common types
Two federal programs based on family financial need are Pell Grants and Supplemental Education Opportunity Grants. States usually make grants to students with financial need and a strong grade point average. Generally, to qualify, you may have to be both a long-time resident and attend college in the state.

An old-fashioned scale with a pile of money on one side

How to learn more
For information about federal grants, visit the Web site State programs can vary from state to state. To see what’s offered in a particular state, visit the Web site for the State Department of Education.

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