Am I eligible for a federal grant?
At this point I’m sure you’re aware your FAFSA is the key to unlocking that federal grant door.Â The most common grant is probably the Pell Grant, but there are others as well.Â There are four types of federal student aid grants you may qualify for in fact.Â Let’s take a look.
- Federal Pell Grant
- Federal Supplemental Educational Opportunity Grant (FSEOG)
- Academic Competitiveness Grant (ACG)
- National Science & Mathematics Access to Retain Talent Grant (national SMART Grant)
With the Pell Grant any other financial aid you receive (such as a scholarship) does not affect the amount of your Pell Grant which is great.Â If you’re eligible you’ll receive the full amount you qualify for.Â The maximum allotment for 2008-2009 is $4731.
The FSEOG takes into consideration other need which you are receiving.Â Basically other aid might reduce the amount of your FSEOG award.Â Due to limited funds, it’s important to apply early to be considered for these funds.Â Not everyone who qualifies for an FSEOG will get one.
ACG began in 2006-2007 for full-time undergrad students.Â First year students can get up to $750 while second year students can qualify for up to $1,300.Â Some requirements include; a student receiving a Pell Grant, being a first or second year full-time undergraduate student in a degree program, and maintaining a 3.0 GPA.
The SMART grant program is for full-time undergraduate students who are enrolled in the third or fourth academic years of undergrad study.Â The award is for up to $4,000 for each academic year.Â Some requirements include; a student receiving a Pell Grant, having a major in physical, life, compute sciences,Â mathematics, technology, engineering, orÂ a critical foreign language , and maintaining a 3.0 GPA.
I just love Grants! Whether it be on a $50 dollar bill or in the form of federal grants!Â As Britney Spears would say, “Gimme gimme more gimmie more, gimme gimme more.”