This loan program is for low income students. This loan is very similar to the Subsidized Stafford Loan program, except in the Perkins Loan Program the Federal Government is the lender rather than a bank. Grants are money that you do not have to repay. Grants are money given to you based on financial need. The Federal Government has two major grant programs.
Many states also have grant programs.
Most of the state programs require you to attend a school within the state. Some programs require you to attend a public university within the state. Whether you intend to go to school in-state or not, you should check with your state's department of education to learn about the terms for receiving an education grant from the state. Click below for information about the federal grant programs. The single largest program is the Federal Pell Grant Program, which in the 1998-99 academic year provided aid to almost 3.9 million students.