Federal Pell Grants
A Federal Pell Grant does not have to be repaid. Pell Grants are only
awarded to undergraduate students who have not yet earned a bachelor's or professional
degree. The Pell Grant program is targeted to high need students, your eligibility
will also depend upon your Expected Family Contribution (EFC). Your EFC is
calculated utilizing a formula established by Congress when your Free Application
for Federal Student Aid (FAFSA) is processed. Eligibility for Pell Grant
funds is determined by your EFC and enrollment status (fulltime, 3/4 time,
1/2 time, less than 1/2 time). These grants of up to$4,050 are awarded to
undergraduate students.
Federal Supplemental Educational Opportunity Grants (SEOG)
A Federal Supplemental Educational Opportunity Grant (FSEOG) is for
undergraduates with exceptional financial need - that is, students with the
lowest Expected
Family Contributions (EFCs) - and gives priority to students who receive
Federal Pell Grants. An FSEOG doesn't have to be paid back. These grants are
made
directly through the Office of Student Financial Services to students. Grants
range from $500 to $800. Specific amounts are based on funds available and
the number of students with exceptional financial need as determined by the
.
Federal ACG And SMART Grants
These two new grant programs were recently funded for the 06-07 year by Congress as part of the Higher Education Reconciliation Act of 2005 (HERA). Generally, to be awarded either of the new grants a student must also be eligible for a Federal Pell Grant (have an EFC below $3,850), be a U.S. citizen, and be enrolled full-time. In addition to these general requirements, there are program-specific requirements.
The Academic Competitiveness Grant (ACG) is available to students who:
The ACG will provide up to $750 for the first year of study and $1,300 for the second year of study.