July 24, 2006

Grants

Posted in Grants at 1:32 PM by Joe From Boston


There was a question in our comments section today about Grants.  I’d planned on talking about grants later on, but since it’s come up, I’ll address it now. 

Grants are an award of money, normally from the government or a large philanthropic organization.  Grant money is usually designated for certain subjects, for example the National Science Foundation offers grants to help fund important scientific research.  You tend not to see many grants in undergraduate school, unless you are working on a research program through your school.  Grants are much more prevalent in graduate and post-graduate school and research. 

The question asked was “what is the maximum income a person can make before qualifying for a grant?” 

Grants actually fall outside the focus of normal financial aid.  You do not normally need to file a FAFSA to obtain a grant.  Instead, each grant has its own specific qualification and application process that you must follow.  You will often have to fill out the Standard Form 424 to get U.S. federal grant money if you reside in the U.S.  This form, along with other documentation required by the individual grant, determine your eligibility, not your household income. 

That being said, a specific grant may ask your household income to determine if you are eligible to meet the grants’ stated requirements.  The only way you can determine what the maximum household income for a specific grant is, is by looking through the application information or contacting the grant-awarding company/group directly.

To search for available grants, you might want to check out Grants.gov – http://www.grants.gov/  You can search for U.S. federal grants with their easy-to-use search, and you can also browse by category. 

If you have a question you’d like answered, don’t hesitate to ask.  If I don’t know the answer, I’ll try and point you in the right direction so you can find the answer.

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