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Grants

Federal Pell Grant

A Federal Pell Grant, unlike a loan, does not have to be repaid. Federal Pell Grants are usually awarded only to undergraduate students who have not earned a bachelor’s or a professional degree. Eligibility is determined by the Department of Education using a standard formula established by Congress that is calculated by submission of the FAFSA application. Information provided on the FAFSA is evaluated to determine the Expected Family Contribution (EFC) number which determines the award amount for the aid year. Pell grant funds cannot be disbursed from more than one school at a time. Pell grant Lifetime eligibility is limited to 12 semesters or the first bachelor degree. Funds are prorated by enrollment status:

  • Full Time equals 12 or more hours   100%
  • ¾ Time equals 9 – 11 hours                75%
  • ½ Time equals 6 – 8 hours                  50%
  • 5 hours and less equals                         25%

Federal Supplemental Educational Opportunity Grant (FSEOG)

A Federal Supplemental Educational Opportunity Grant is awarded to undergraduate students who have exceptional financial need and who have not earned a bachelor’s or graduate degree. Funds depend on availability, and priority is given to Pell grant receipts.