How to Pay for College Without Going Into Debt (2023 College Grants Guide Update)

College education in the United States has become a necessity for many, yet the cost of tuition has reached staggering levels, resulting in a student loan debt crisis totaling $1.757 trillion. The burden of college debt is a reality that affects millions of Americans. However, you don’t have to resign yourself to a future of financial hardship. This guide is designed to help students like you navigate the world of grants and scholarships, enabling you to access free money for your college education and avoid accumulating crippling debt.

Grants and Scholarships: The Key to Debt-Free Education

Grants and scholarships are often confused with loans, but they are fundamentally different. Unlike loans, grants and scholarships do not require repayment; they provide you with free funds to cover various educational expenses, such as tuition, textbooks, or technology. Grants are typically awarded based on financial need, while scholarships can be based on need, merit, or specific abilities. To access this free money, you must actively apply for grants and scholarships.

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Do I Ever Need to Repay a Grant?

Grants are gifts of funds that do not need to be repaid, except in rare and specific cases, such as withdrawing from school, which may require the return of grant money designated for tuition.


How to Apply for a Grant

When applying for colleges, you’ll encounter the term “FAFSA,” which stands for “Free Application for Federal Student Aid.” While some schools may require you to complete this form, it’s advisable to submit the FAFSA annually, even if not mandatory. By doing so, you become eligible for state or federal government grants. Your eligibility can change from year to year, making it crucial to stay updated.

Set a reminder to complete the FAFSA annually, as it becomes available on October 1st. Submitting it early increases your chances of receiving a generous aid package.

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What You Need to Complete the FAFSA

Most questions on the FAFSA are self-explanatory and cover personal information like your name, address, and the schools you’ve applied to. Additionally, you’ll need information from your family’s tax returns. If you’re applying independently, you’ll use your personal tax returns. Schools will use this information to calculate your aid package.

Receiving an Aid Package

After submitting the FAFSA, each college will offer you a financial aid package that may include grants, scholarships, federal work-study opportunities, and loans at special rates. You are not obliged to accept loans if you wish to avoid debt; you can choose which aid to accept based on your preferences and financial situation.

FAFSA and State Grants

In addition to federal grants, you may be eligible for state grants. In most states, filling out the FAFSA is a prerequisite for receiving these additional funds. Specific states, like those in the Tri-State area, may require additional paperwork alongside the FAFSA. Be sure to research your state’s requirements on the Department of Education website.

University Grants and Scholarships

Many colleges offer additional scholarships and grants to entice students to attend their institutions. Upon acceptance, your university will likely provide an initial financial aid package that may include private scholarships and grants.

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Types of University Grants

Colleges often offer two general types of grants: needs-based and merit-based. You may receive one or both types from your college, with rare cases like the Academic Competitiveness Grant combining need and merit-based criteria. Needs-based grants consider your financial situation, while merit-based grants reward achievements in academics, arts, community service, or athletics. Some may require separate applications, essays, portfolios, or interviews.


Common Grants You Can Receive

The government allocates funds each year to help students afford tuition. Some of the common grant awards you may receive in your aid package include:

Pell Grants: These are the most common needs-based grants awarded to students, with eligibility determined by financial need and the institution’s tuition costs.

TEACH Grants: Merit-based grants for students who commit to four years of service in high-need fields at low-income schools, such as foreign languages, math, and special education.

FSEOG Grants: Federal Supplemental Education Opportunity Grants, awarded to students with higher-than-average financial needs, often on a first-come, first-served basis.

Military Service Grants: Iraq and Afghanistan Service Grants for students with family members who died in service after 9/11, as well as other grants and scholarships available to military families.

Fulbright Grants: International students may receive Fulbright grants, facilitating higher education in the United States.

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Population-Based Grants

Many grants aim to support marginalized groups historically underrepresented in higher education. These include:

Grants for Racial and Cultural Minorities: Organizations like the United Negro College Fund and the American Indian College Fund provide financial support. Some states also assist minority students in specific academic programs.

Grants for Gender Minority Students: Scholarships and grants for women, single mothers, and LGBTQ+ students are available from private organizations and LGBTQ+ groups. Some corporations also offer funding for disabled students seeking higher education.

Grants for Students With Disabilities: Numerous organizations provide grants and scholarships for students with disabilities. These grants may cover disability-related expenses, and some universities offer disability-based funding.

How to Pay for College, Avoid Debt, and Thrive

Instead of resigning yourself to a lifetime of student loan debt, explore the free money waiting for you through grants and scholarships. The right scholarship can make your college degree an affordable path to a fulfilling career. By applying for government grants, you can access these funds and achieve your educational goals without accumulating debt.


Don’t let the burden of college debt limit your future. Actively seek out grants and scholarships, complete the FAFSA annually, explore state and university-based funding, and consider population-based grants if you belong to a marginalized group. With careful planning and strategic application, you can secure the financial assistance you need to pursue higher education without the weight of debt holding you back.

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**Data collected and distributed by the National Center for Education Statistics https://nces.ed.gov/pubs2022/2022144.pdf

***Data collected and distributed by the National Postsecondary Student Aid Study https://nces.ed.gov/pubsearch/pubsinfo.asp?pubid=2022144

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