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Federal Grants. Not All Federal College Aid are Loans

When we think of Federal financial aid for college most of us think loans. The fact is there are lots of federal grants available that you DON’T HAVE TO REPAY. Here are a a few:

Federal Pell Grant (The Most Common Federal Education Grant)

• Awarded to undergraduate students who have exceptional financial need and who have not earned a bachelor’s or graduate degree; in some cases, however, students enrolled in a postbaccalaureate teacher certification program might receive a Federal Pell Grant
• Federal Pell Grant lifetime eligibility is limited to 12 semesters or the equivalent Up to $5,730

Federal Supplemental Educational Opportunity Grant (FSEOG)

• Awarded to undergraduate students who have exceptional financial need and who have not earned a bachelor’s or graduate degree
• Federal Pell Grant recipients receive priority
• Not all colleges participate in the FSEOG program
• Funds depend on availability at the college; apply by your college’s deadline Up to $4,000

Teacher Education Assistance for College and Higher Education (TEACH) Grant

• For undergraduate, postbaccalaureate, or graduate students who are or will be taking coursework necessary to become elementary or secondary teachers
• Must agree to serve, for a minimum of four years (within eight years of completing academic program), as a full-time teacher in a high-need field in a school or educational service agency that serves low-income students
• Must attend a participating college and meet certain academic achievement requirements
• Failure to complete the teaching service commitment will result in the grant being converted to a Direct Unsubsidized Loan that must be repaid Up to $4,000

Iraq and Afghanistan Service Grant

• For students whose parent or guardian was a member of the U.S. armed forces and died as a result of performing military service in Iraq or Afghanistan after the events of 9/11
• Must be ineligible for a Federal Pell Grant due only to having less financial need than is required to receive Pell funds
• Must have been less than 24 years old or enrolled at least part-time at an institution of higher education at the time of the parent’s or guardian’s death Up to $5,311.71 For grants first disbursed on or after Oct. 1, 2014, and before Oct. 1, 2015

© 2015 Roger D. Chamberlain

Roger Chamberlain
Roger Chamberlain works for a university helping low income and under represented high school students prepare for and be successful in college.
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