The Hope Grant, authorized under the Higher Education Reconciliation Act of 2005, is a federal grant program that provides financial assistance to students pursuing their first bachelor’s degree. The grant is awarded to students who meet certain income requirements and who are enrolled at least half-time in an accredited educational institution.
The Hope Grant is important because it helps to make college more affordable for low-income students. The grant can be used to pay for tuition, fees, books, and other expenses associated with attending college. In addition, the Hope Grant does not have to be repaid, which makes it a valuable source of financial assistance for students.