Financial aids are a primer when it comes to starting a college education. These financial aids may be in the form of scholarships, grants or loans. There are numerous state and government funded grants that the students can avail. One of the most common types of grants are the Federal Grants.

Federal grants are grants administered by the federal government. The best part about these grants is that they don’t need to be repaid. However, since these government funded grants are limited, they don’t usually cover full educational expenses. Most often the grant amount is affected if the parents claim the student as being a dependent on income tax returns or if the expected contribution of the parents is found to be higher than reality.

The types of Federal Grants that the students can a apply for include:

State Based Grants: Every state is known to provide financial aids in the form of grants and scholarships, as a measure to help the college students.

Pell Grant: This popular pell grant facility is administered under the federal aid program. This exclusively need based grant is administered to only one student per year.

Supplemental Education Grant: The Federal Supplemental Educational Opportunity Grant (FSEOG) is a federally funded grant facility. However, in this case the grants are administered by the various universities and colleges.

Irrespective of which grant type you are applying for, one basic pre-requisite for each type is, to complete the FAFSA.