Federal student aid is financial help for eligible students to pay for educational expenses at an eligible postsecondary school. Federal grants do not have to be paid back to the U.S. Department of Education as long as the student does not withdraw from college. GCC participates in the following three Federal grant programs.
Federal Pell Grant
The Federal Pell Grant is the largest of the federal grant programs. It assists students in paying for their college education and is generally awarded only to undergraduate students – those who haven’t earned a bachelor’s or graduate degree. Pell Grants are the foundation of federal student financial aid, to which aid from other federal and nonfederal sources might be added. Amounts can change yearly. The awards for the 2010-2011 academic year range from $400 to $5,500 and are based on the need analysis of the Free Application for Federal Student Aid (FAFSA).
Federal Academic Competitiveness Grant (ACG)
The ACG program provides a maximum of $750 for first year students and $1,300 for second year students. To qualify, students must be U.S. citizens; be a Federal Pell Grant recipient; be a first or second year student; be enrolled at least half-time; and have completed a rigorous secondary school program of study. First year students must have completed secondary school after January 1, 2006 and second year students must have completed secondary school after January 1, 2005 and have at least a 3.0 grade point average as of the end of the first year of undergraduate study. The student answers the questions on the FAFSA that pertain to the ACG Program in order to be considered for this grant.
Federal Supplemental Educational Opportunity Grant (FSEOG)
The Federal Supplemental Educational Opportunity Grant (FSEOG) awards grants to undergraduate students with exceptional financial need-those with the lowest Expected Family Contribution (EFC) numbers. Priority is given to Pell Grant recipients. The average award amount at GCC is $400 per academic year. The priority deadline date to receive this grant is May 1.
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