A grant is an award that you don't have to pay back. Along with scholarships, grants are one of the most attractive types of aid. If your chosen school offers you a grant, accept it!
A grant by any name is fantastic:
The Pell Grant and the FSEOG are offered to students based solely on exceptional need.
The Teach Grant is an award to benefit current and prospective teachers with demonstrated need.
The Academic Competitiveness Grant (ACG) is awarded to (Pell-eligible) students who complete a rigorous high school program. To renew the grant, a student must maintain a 3.0 GPA during their first academic year.
The National SMART Grant is available during the third and fourth years of undergraduate study to full-time (Pell-eligible) students who are majoring in physical, life, or computer sciences, mathematics, technology, or engineering or in a foreign language determined critical to national security. Students must maintain a 3.0 GPA.