Federal grants are often called "gift aid" because they do not have to be repaid. Eligible students must be enrolled and considered degree-seeking. Federal grants require the completion of the Free Application for Federal Student Aid (FAFSA) annually. The three types of federal grants offered to students are listed below:
- Federal Pell Grant
- A need-based grant program available to students seeking their first undergraduate degree. Eligibility is determined by the student's financial need and cost of attendance. For full-time students, the maximum annual Pell Grant for 2015-2016 is $5,775. Less than full-time students may receive Pell Grants, but awards will be pro-rated based on the enrollment status on the last day to add/drop a course without record. Pell Grant funds are disbursed to the student account at the beginning of each semester.
- Federal Supplemental Educational Opportunity Grant (FSEOG)
- A need-based grant program available first to students who receive the Federal Pell Grant and who have the most finanical need. Federal allocations are limited, so priority is given to students who meet the March 1st FAFSA priority date. Amounts range from $400 to $800 per year. FSEOG funds are disbursed to the student account at the beginning of each semester.
- Teacher Education Assistance for College and Higher Education (TEACH) Grant Program
A non-need based grant program that 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. As a condition for receiving a TEACH Grant, the student must sign a TEACH Grant Agreement to Serve in which the student agrees to (among other requirements) teach in a high-need field, at an school that serves students from low-income families, and for at least four complete academic years within eight years after completing (or ceasing enrollment in) the course of student for which the student received the grant.
- To receive a TEACH Grant a student must: meet the basic eligibility criteria for the federal student aid programs, complete the FAFSA, be enrolled in a TEACH-Grant eligible program as an undergraduate or graduate student, meet certain academic achievement requirements (generally, scoring above the 75th percentile on at least one portion of a college admissions test or maintaining a CGPA of at least 3.25), complete the USF intended teaching plan form, receive TEACH Grant couseling and sign an agreement to serve. TEACH Grant funds are disbursed to the student account at the beginning of each semester.
IMPORTANT: If the student does not complete the service obligation, all TEACH
Grant funds received will be converted to a Direct Unsubsidized
Loan. The student must then repay this loan to the U.S. Department of Education,
with interest charged from the date the TEACH Grant was disbursed.
- A listing of schools designated as low-income schools can be found
in the Department of Education's Low-Income School Directory.
- High-need fields include mathematics, science, foreign language, bilingual education and English language acquisition, special education, as well as any other field that is included in the annual Teach Shortage Area Nationwide Listing.
- To complete:
Visit Federal Student Aid for additional information about federal grants.