Grants are need-based financial aid that does not have to be repaid after you graduate. There are a number of state and federal grants available. They're awarded from formulas that take into account your family's income.
The Federal Pell Grant program
is designed to help economically disadvantaged students pay for
college. It's the foundation of most financial aid packages.
The U.S. Department of Education uses a formula, established by
Congress, to determine if you are eligible for a Federal Pell Grant and
to calculate how much you and your family are expected to pay –
Expected Family Contribution or EFC. The amount of the Pell Grant you
receive will depend on the EFC, the estimated cost of your education,
your enrollment status, and whether you attend school for a full
academic year or less.
A Federal Supplemental Educational Opportunity Grant
is for undergraduate students with exceptional need – those with the
lowest Expected Family Contributions. Priority is given to students who
receive Pell Grants and to freshmen and sophomores.
Federal Supplemental Educational Opportunity Grants (FSEOG)