Discover the top three scholarship opportunities for college students, including federal grants like Pell Grants, the Academic Competitiveness and SMART Grants, and the Gilman International Scholarship. These funding options support students nationwide in achieving their educational and international goals, offering financial aid without repayment obligations. Eligibility criteria vary, but all aim to assist students from diverse backgrounds, particularly those with financial needs or pursuing STEM and international study.

Top Funding Opportunities for College Students

Students pursuing higher education often look for financial aid to cover tuition and related costs. Since the expenses can be substantial, grants and loans are vital resources. Loans must be repaid with interest, whereas grants are grants of aid that don’t require repayment. Multiple government and private sector programs offer grants to support students from various backgrounds in their academic journeys. These grants are especially important for students who need financial assistance to achieve their educational goals.

The U.S. government provides several key federal grants accessible to students nationwide. Here are three prominent scholarships available regardless of state or institution:

The Federal Pell Grant
Federal Pell Grants are open to all prospective college students. Aimed at undergraduates who have not yet earned a degree, these grants depend on demonstrated financial need. Some postbaccalaureate teacher certification students may also qualify.

Applicants must meet eligibility criteria; incarcerated individuals are ineligible. Since Pell Grants are not loans, they don’t require repayment, except under certain circumstances. Students need to fill out the FAFSA® form to be considered. Award amounts vary each year, with the maximum being around $6,095 in 2018–19. Factors affecting aid include family contribution, college costs, enrollment status, and study length.

Academic Competitiveness and SMART Grants
Launched in 2006, these programs encourage students to pursue STEM fields and challenge high school students with demanding coursework. The National SMART Grant promotes majors in science, engineering, technology, foreign languages, and related areas. The Academic Competitiveness Grant supports first and second-year college students, while SMART Grants target third and fourth-year students. Candidates must be Pell Grant recipients, U.S. citizens, enrolled full-time at four-year colleges, and maintain at least a 3.0 GPA. Awards averaged about $845 for Academic Competitiveness and $3,780 for SMART Grants in 2018–19.

Benjamin A. Gilman International Scholarship
This award supports students seeking study or internships abroad, especially those with limited financial means. It promotes learning critical foreign languages and international engagement. Veterans and military members are encouraged to apply and often receive preferred treatment. Eligibility includes U.S. citizenship, current enrollment in an accredited undergraduate program, and receiving a Pell Grant. Applicants must select programs in countries with Travel Advisory Level 1 or 2, as per U.S. Department of State classifications.