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Claiborne Pell. The Higher Education Amendments of 1972 reauthorized the three campus-based programs, leaving the Economic Opportunity Grant Program with the same name, but renaming the two others: the National Defense Student Loan Program became the National Direct Student Loan or Federal Direct Student Loan Program and the Federal Supplemental Educational Opportunity Grant Program ().
In the United States, grants come from a wide range of government departments, colleges, universities or public and private trusts. Grant eligibility is typically determined by financial need. The application process is set by the agency providing the funds and often relies on data submitted via the FAFSA.
Pell Grants for the 2023–2024 school year range from $750 to $7,395. [4] The Iraq & Afghanistan Service Grant is awarded to students who are ineligible for a Pell Grant only because of the program’s need requirements and whose parent or guardian died as a result of military service in Iraq or Afghanistan after September 11, 2001. The ...
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In the United States, college is funded by government grants, scholarships, loans. The primary grant program is Pell grants. [53] [15] Student loans come in several varieties, but are basically either federal loans [54] or private student loans. Federal loans are either subsidized (the government pays the interest) or unsubsidized.
A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Grants are federal assistance to individuals, benefits or entitlements. A grant is not used to acquire property or services for the federal government's direct ...
The Student Aid and Fiscal Responsibility Act of 2009 (SAFRA; H.R. 3221) is a bill introduced in the U.S. House of Representatives of the 111th United States Congress by Congressman George Miller that would expand federal Pell Grants to a maximum of $5,500 in 2010 and tie increases in Pell Grant maximum values to annual increases in the Consumer Price Index plus 1%.