Need-based grants are financial aid awards given to students based on their financial situation. These grants aim to help those who demonstrate a significant need for assistance to cover educational expenses, such as tuition, books, and living costs. Unlike loans, need-based grants do not require repayment, making them a valuable resource for students from low-income families. To qualify for need-based grants, students typically need to complete the Free Application for Federal Student Aid (FAFSA). This application assesses the family's financial circumstances and determines the level of need. Various organizations, including the federal government and private institutions, offer these grants to support students in achieving their educational goals.