Take a look at the figures. The US Department of Education gives out to millions of students all over the US the unbelievable sum of $67 billion every year by way of free college grants, loans and campus-based aid. What exactly are free college grants? These are grants given to students who cannot afford to pay for a good education. They have no money to pay for a college education which would put them in a position to earn a lot of money. Thats the irony of it all! However, this is the basis on which free college grants are given. They really are for the students who are serious about doing well and then earning well.
One example of free college grants is Federal Pell Grants. The only eligibility is financial need. These are not like loans because they do not need to be paid back. The amounts that are available to be given out vary from year to year. This is because these grants depend on Congress. In 2000-2001, it reached a peak of $3,300.00. How much a student gets will depend on his part-time or full-time status, the costs to attend that particular school and whether he is going to do the full academic year or not.
Another program that falls under the purview...
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