Your grant money will typically be disbursed to your institution in at least two installments, or disbursements.
Usually, the college uses your grant money to pay for your tuition, fees, and housing and board (if you live on campus).
Any surplus is given to you for additional expenses.
Most college grants do not cover all four years of study.
For instance, if your family's financial circumstances drastically change from one year to the next, you might no longer be eligible for a need-based award.
Similar to that, merit-based awards could not always be available.
To be eligible for the grant, you might need to maintain a particular GPA or satisfy additional requirements.
If you're given a grant for school, be sure you know all the conditions and how you can continue to be eligible.
Also, don't forget to submit your FAFSA (Free Application for Federal Student Aid) each year.
Grants are offered by the federal government to students attending career or college.
Unlike loans, the majority of grants are forms of financial assistance that often do not require repayment.
The federal government, your state government, your college or career school, a corporate corporation, or a nonprofit group may all offer grants.
Do your homework, submit grant applications if you're qualified, and remember to stick to submission dates!