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Financial Aid 101 - Grants

Grants are also gifts, but they're usually based on financial need. Most often, grant aid comes from federal and state governments and individual colleges.

Federal Grants:
  • Pell Grant: A federal grant awarded to undergraduate students.
  • ACG: The Academic Competitiveness Grant is for college freshmen and sophomores who are eligible for Pell Grants and who took "rigorous" classes in high school.
  • FSEOG: The Federal Supplemental Educational Opportunity Grant is awarded to undergraduate students with exceptional financial need.
  • SMART Grant: The National Science and Mathematics Access to Retain Talent Grant is awarded to juniors and seniors who are eligible for Pell Grants and are majoring in mathematics, technology, engineering, a foreign language critical to national security or physical, life or computer sciences. Students must also have at least a 3.0 grade point average to be eligible.
  • TEACH Grant: The Teacher Education Assistance for College and Higher Education Grant is for students who plan to teach in schools that serve low-income students.


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