Grants for students are financial awards that help cover the costs of education, such as tuition, books, and living expenses. Unlike loans, grants do not need to be repaid, making them a valuable resource for those pursuing higher education. They are often based on financial need, academic merit, or specific criteria set by the granting organization. Various organizations, including the government, private foundations, and educational institutions, offer grants. For example, the Pell Grant is a federal program that provides funds to low-income undergraduate students. Applying for grants typically involves submitting an application and, in some cases, financial documentation.