Grants are a type of aid that does not need to be earned or repaid. The application for federal grants is the FAFSA that students file each year.
Federal Pell Grant
The Federal Pell Grant is awarded to students based upon their level of enrollment and Expected Family Contribution (EFC). The Federal Pell Grant is considered “portable,” meaning that, for a given academic year, an eligible student would receive the same Pell Grant at any university.
- For the 2014-2015 academic year, awards range from $292 to $5730.
- Awards are based on a combination of EFC and level of enrollment:
- EFC range of $0-$5157.
- Levels of awards for full-time, three-quarter-time, half-time, or less-than-halftime enrollment; minimum enrollment is 1 credit hour per semester.
- Eligibility is based upon the number of enrolled hours at the end of the first week of classes.
- A student must be pursuing their first undergraduate degree.
- A FAFSA must be filed.
- The Federal Pell Grant is a need-based award and thus counts towards fulfilling a student’s overall need figure.
Federal Supplemental Educational Opportunity Grant (SEOG)
The Federal Supplemental Educational Opportunity Grant (SEOG) is a federal, campus-based grant. This means that federal funds are provided to individual universities to administer at their discretion (although always within federally governed parameters); Federal SEOG amounts and eligibility requirements may therefore vary from university to university.
- A student must have an EFC of 0.
- A student must be receiving a Pell Grant (and thus be working on their first undergraduate degree).
- For the 2014-2015 academic year, the amount of the award is $200.
- The Federal SEOG is a need-based award and thus counts towards fulfilling a student’s overall need figure.