A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded using federal methodology to undergraduate students who have not earned a bachelor's or a professional degree. Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added.
How much can I get?
The maximum Pell Grant award for the 2009-2010 award year is $5,350. The maximum can change each award year and depends on program funding. The amount you get, though, will depend not only on your financial need, but also on your cost of attendance, your status as a full-time or part-time student, and your plans to attend school for a full academic year or less.
If I am eligible, how will I get the Pell Grant money?
If you're eligible, we will credit your account with one-half of the annual award being applied to each of the Fall and Spring terms.
The Federal Supplemental Educational Opportunity Grant (FSEOG) program is for undergraduates with exceptional financial need. Pell Grant recipients with the lowest expected family contributions (EFCs) will be considered first for a FSEOG. Just like Pell Grants, the FSEOG does not have to be repaid.
How much can I get?
You can receive between $100 and $4,000 a year, depending on when you apply, your financial need, our institutional awarding policies and available funding.
If I am eligible, how will I get the FSEOG money?
If you're eligible, we will credit your account with one-half of the annual award being applied to each of the Fall and Spring terms.
The Academic Competitiveness Grant was made available for the first time for the 2006-2007 school year for first year college students who graduated from high school after January 1, 2006, and for second year college students who graduated from high school after January 1, 2005. The Academic Competitiveness Grant award is in addition to the student's Pell Grant award.
How much can I get?
An Academic Competitiveness Grant will provide up to $750 for the first year of undergraduate study and up to $1,300 for the second year of undergraduate study to full-time students who are eligible for a Federal Pell Grant and who have successfully completed a rigorous high school program, as determined by the state or local education agency and recognized by the Secretary of Education. Second year students must maintain a cumulative grade point average (GPA) of at least 3.0.
In addition, to receive an Academic Competitiveness Grant (ACG) you must:
- Be a U.S. citizen;
- Be a Federal Pell Grant recipient;
- Be enrolled full-time in a degree program;
- Be enrolled in the first or second academic year of his or her program of study at a two-year or four-year degree-granting institution;
- Have completed a rigorous secondary school program of study (after January 1, 2006, if a first-year student, and after January 1, 2005, if a second-year student);
- If a first-year student, not have been previously enrolled in an undergraduate program; and
- If a second-year student, have at least a cumulative 3.0 grade point average on a 4.0 scale for the first academic year.
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