Educational grants are funds provided to students or educational institutions to help cover the costs of education. These grants do not need to be repaid, making them a valuable resource for those seeking financial assistance. They can be awarded based on various criteria, including financial need, academic achievement, or specific fields of study. Many organizations, including the government and private foundations, offer educational grants. For example, the Federal Pell Grant is a well-known program in the United States that assists low-income undergraduate students. Other grants may target specific groups, such as minorities or those pursuing careers in STEM fields.