Many young people and their families require financial assistance to pursue activities such as education and sports. Grant funding is available to offset those costs. Some grants are designed for academic achievers; others are for children of low-income families. Each grant has its own eligibility requirements.
Federal Pell Grant
The federal government created the Pell Grant Program in 1972 to help young people afford a college education. Students who demonstrate the most financial need receive the grants. Millions of students get Pell Grants each year. The 2010 health care reform law included an immediate increase of the maximum Pell Grant to £3,575 and eventual expansion to £3,900. Award recipients may attend school part time or full time, but that information will affect the size of the grant. To be eligible, students must complete the Free Application for Federal Student Aid (FAFSA).
Academic Competitiveness Grant
The Academic Competitiveness Grant, created in 2006, is available to supplement other financial aid for education after high school. The grant provides £487 for the first year of study and £845 for the second year. Students must also be Pell Grant recipients, be enrolled in school at least half time and maintain a minimum GPA of 3.0.
Our Military Kids
Our Military Kids is a non-profit organisation that awards grants to the children of American troops. Any child who lives in the United States and has a parent who is serving in the military or was injured in the line of duty is eligible. Grants cover activities that the child's parents cannot afford, such as fees for sports teams and other after-school activities. The parents apply for the grant to cover specified activities and receive word of their award status several days later.