Education grants are financial awards provided to students or educational institutions to help cover the costs of education. Unlike loans, grants do not need to be repaid, making them a valuable resource for those seeking to further their studies. They can be offered by various sources, including the government, private organizations, and universities. These grants can be based on different criteria, such as financial need, academic merit, or specific fields of study. Many students apply for federal grants, like the Pell Grant, which is designed to assist low-income individuals in accessing higher education.