A grant is financial aid that doesn't have to be repaid. Students receiving federal Title IV financial aid including grants must be degree-seeking USF students. Coursework taken each semester must count toward degree requirements. Federal financial aid cannot be awarded to students for classes that do not count toward their degree. Once students have met graduation requirements, they are no longer eligible for financial aid unless they pursue a new degree program (different than a new major.) Upon seeking a new degree, only remaining federal loan eligibility is available. The three types of federal grants offered to students are listed below:
- Federal Pell Grant
- A need-based Federal grant program available to needy undergraduate students seeking their first bachelor's degree. Need is determined by the expected family contribution (EFC) from the Free Application of Federal Student Aid (FAFSA).
- Federal Supplemental Educational Opportunity Grant (FSEOG)
- A need-based Federal grant program available to full-time undergraduate students with exceptional financial need who are eligible for the Federal Pell Grant. As federal allocations are limited, awards are first given to students who meet the March 1st FAFSA priority date.
- Teacher Education Assistance for College and Higher Education (TEACH) Grant Program
The TEACH Grant provides up to $4,000 per year to students who are completing or who plan to complete course work needed to begin a career in teaching. The applicant must be a U.S. citizen and must complete the FAFSA. In exchange for the grant, the student must sign an Agreement to Serve as a full-time teacher in a public or private elementary or secondary school that serves students from low-income families. Students must pledge to teach full-time in a high-need field for at least four academic years within eight years after completing (or ceasing enrollment in) the course of study for which the candidate received the grant. If grant recipients fail or refuses to carry out their teaching obligation, the amounts of the TEACH Grants received are treated as an unsubsidized Direct Loan and must be repaid with interest.
- A listing of schools designated as low-income schools can be found in the Department of Education's Low-Income School Directory at www.tcli.ed.gov.
- High-need fields include Mathematics, Science, Foreign language, Bilingual education and English language acquisition, Special education, and Reading Specialist. Other high-need fields are listed in the Department of Education's Nationwide Listing of Teacher Shortage Areas, which can be accessed at www.ed.gov.
- Other information
For more detailed information about Federal Student Grants, visit The Department of Education's website: http://studentaid.ed.gov.