We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What are Higher Education Grants?

By Michelle Burton
Updated May 17, 2024
Our promise to you
WiseGeek is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At WiseGeek, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

Higher education grants are monetary awards for students who are in the process of or planning to pursue a degree in any given discipline. Higher education grants are provided by foundations, corporate entities, and federal governments. Unlike student loans, higher education grants do not have to be repaid.

There are hundreds of higher education grants available, including arts education grants, music education grants, and youth education grants, but they all fall under the umbrella of higher education grants. Currently, the largest provider of education grants in the United States is the federal government and state, county, and city governments, followed by corporations and foundations. With more than 900 federal grant programs in existence in the US today, offered by 26 federal grant-making agencies, the federal government hands out more money to students than the 14,260 foundations that award educational grants.

The US government currently awards more than $100 billion US Dollars (USD) in higher education grants each year in form of merit-based and need-based grants. Some examples of these grants are Pell grants, Federal Supplemental Educational Opportunity (FSEOG) Grants, National Science & Mathematics Access to Retain Talent Grant (SMART) Grants, and Academic Competitiveness Grants (ACG). Federal higher education grants are usually awarded to undergraduate students, but it is not uncommon for graduate students to receive these awards well.

Merit-based education grants carry some level of prestige, and they are based mainly on merit and achievement. Some merit-based grants have an income ceiling, but many offered by organizations and companies do not. It is important to note that non-federal merit-based grants are often more competitive then need-based grants, and the application process is often lengthier.

Foundation education grants currently award more than $5 billion USD each year to students. The largest foundations that award the most educational grants are also part of some of the world’s largest corporations. The Bill and Melinda Gates Foundation, the Ford Foundation, the David and Lucile Packard Foundation, and the Wal-Mart Foundation are among those foundations that award higher education grants each year.

To be eligible for federal, foundation, or corporate education grants, students must meet certain basic eligibility requirements. In addition, each grant has its own specific requirements, such as a specific grade point average, status in school, or certain academic achievements. Basic eligibility requirements may include legal status in the country in which the student will be attending school, and enrollment at an accredited college or university.

WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Discussion Comments
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.