There are four kinds of federal grants for undergraduate students. You must submit a valid FAFSA in order to be eligible for federal grants.
Who is eligible for a Pell Grant?
Federal Pell Grants usually are awarded only to undergraduate students who have not earned a bachelor’s or a professional degree and who have a federal EFC (based on the FAFSA) below 5328. In some cases, however, a student enrolled in a post baccalaureate teacher certification program might receive a Federal Pell Grant.
You can estimate your EFC by using the FAFSA4caster.
How much can I get?
For full-time students, the PELL grant varies from $1 to $5,910 based upon your federal EFC.
The 2018-19 Pell Payment Chart provides Pell amounts for each EFC range at each enrollment level (i.e full-time, 3/4 time and half-time.)
Can I get a Pell grant every year?
You have to submit a new FAFSA each academic year. If your EFC remains in the qualifying range, then you will receive a Pell grant each year. But your Pell amount may change if your EFC changes.
Pell is awarded for a maximum of 12 semesters, or the equivalent.
What is the deadline?
When applying for financial aid, you should always submit everything by your target school deadlines. However, you are still entitled to your Pell grant – even if you miss the deadline for school awarded financial aid – as long as you submit the FAFSA before the end of the academic year. Check with the school financial aid office for the drop dead date.
FSEOG: Federal Supplemental Educational Opportunity Grant
Who is eligible for FSEOG?
Available to some students who qualify for a PELL Grant and attend a college that has FSEOG funding. Only a limited number of colleges have FSEOG funding.
Unlike Pell, FSEOG is awarded on a first come basis – once the school’s allocation is gone – it’s gone. Apply early!!
How much can I get?
The FSEOG varies from $100 to $4,000 per year.
TEACH GRANT: Teacher Education Assistance for College and Higher Education Grant
What is a TEACH grant?
The TEACH Grant Program provides grants of up to $4,000 a year to students who are completing or plan to complete course work needed to begin a career in teaching.
IMPORTANT: If you do not complete your service obligation, all TEACH Grant funds you received will be converted to a Direct Unsubsidized Loan. You must then repay this loan to the U.S. Department of Education, with interest charged from the date the TEACH Grant was disbursed (paid to you or on your behalf).
Who is eligible for a TEACH grant?
Although you must complete a FAFSA to be get a TEACH grant, it is not a need-based grant like Pell and SEOG.
To be eligible, a student must:
- Be enrolled as an undergraduate, postbaccalaureate, or graduate student at a school that participates in the TEACH Grant Program.
- Be enrolled in a TEACH-Grant-eligible program.
- Meet certain academic achievement requirements (generally, scoring above the 75th percentile on one or more portions of a college admissions test or maintaining a cumulative GPA of at least 3.25). For specific information about the academic requirements, talk to the financial aid office at your college or career school.
- Receive TEACH Grant counseling that explains the terms and conditions of the TEACH Grant service obligation. You must complete counseling each year that you receive a TEACH Grant.
- Sign a TEACH Grant Agreement to Serve.
What is a TEACH eligible program?
A TEACH-Grant-eligible program is a program of study that is designed to prepare you to teach as a highly qualified teacher in a high-need field and that leads to a bachelor’s or master’s degree, or is a postbaccalaureate program. A two-year program that is acceptable for full credit toward a bachelor’s degree is considered a program that leads to a bachelor’s degree. A postbaccalaureate program is not TEACH-Grant-eligible if it is offered by a school that also offers a bachelor’s degree in education.
Schools that participate in the TEACH Grant Program determine which of the programs they offer are TEACH-Grant-eligible. A program that is TEACH-Grant-eligible at one school might not be TEACH-Grant-eligible at another school. Contact the financial aid office at the school you are attending (or that you plan to attend) to find out which programs at that school are eligible.
What are the terms and conditions of the TEACH service obligation?
In exchange for receiving a TEACH Grant, you must agree to the following:
- You must serve as a full-time teacher for a total of at least four academic years within eight years after you complete or otherwise cease to be enrolled in the program(s) for which you received TEACH Grant funds.
- You must perform the teaching service as a highly qualified teacher at a low-income school or educational service agency.
- Your teaching service must be in a high-need field.
- You must provide the U.S. Department of Education with documentation of your progress toward completing your service obligation.
IMPORTANT: If you do not meet the requirements of your service obligation, all TEACH Grant funds you received will be converted to a Direct Unsubsidized Loan. You must repay this loan in full, with interest charged from the date of each TEACH Grant disbursement.
Iraq and Afghanistan Service Grants
You may be eligible to receive the Iraq and Afghanistan Service Grant if you are not eligible for a Federal PELL GRANT on the basis of your Expected Family Contribution but meet the remaining Federal Pell GRANT eligibility requirements, and your parent or guardian was a member of the U.S. Armed Forces and died as a result of military service performed in Iraq or Afghanistan after the events of 9/11, and you were under 24 years old or enrolled in college at least part-time at the time of your parent’s or guardian’s death.
Maximum award is equal to the maximum PELL GRANT for the school year less the 7.2% reduction due to Sequestration.