By definition, grants are gifts of money to be used for a particular purpose.  As it relates to financial aid, grants are gifts of money from federal, state, and institutional sources used to assist in the financing of a college education.

Federal Grants

Federal Pell Grant--Awarded based on the greatest financial need with a maximum award of $5,645 for 2013-2014

Federal Supplemental Education Opportunity Grant (FSEOG)--Grant designed as a complement to the Federal Pell Grant

Federal Teacher Education Assistance for College and Higher Education (TEACH) Grant Program--Grant designed to encourage future teachers to teach high-need fields in designated low income schools

State Grants

Iowa Tuition Grant--Need-based grant available to undergraduate Iowa residents

Iowa Grant--Exceptionally needy undergraduate Iowa residents may be eligible for this grant

Institutional Grants

Luther Grant--Awarded to students based on financial need