The purpose of an educational grant specifically designed for adult women is to promote their participation in underrepresented degree programs such as math, science and business.
Unlike scholarships, which are awarded to students primarily based on their previous academic achievements, or student loans, which must be repaid, grants are gift money that do not require repayment and are need-based.
Grants for women can be divided into four categories: subject-specific, student-specific, degree level and minority and are available from state and federal governments, public and private organizations, and also colleges and universities.
Private women's colleges are heavily funded by donations and are exceptionally-equipped to provide significant financial aid, which includes grants, to women who are accepted into their programs.
The U.S. Census Bureau estimates work-life earnings for women who receive a bachelor's degree at $1.6 million compared to women with only a high school diploma at $1 million.