Other Federal Education Grants
The Pell Grant isn’t the only game in town if you are in the market for an educational grant, as there are a variety of other federal educational grants that you may be interested in if you require additional financial aid besides just the Pell Grant.
Remember that these are grants, and not student loans, and you should therefore not have to pay them back as long as you can abide by the policies that are laid out by that particular grant program.
Federal Supplemental Education Opportunity Grant
The Federal Supplemental Education Opportunity Grants, or FSEOG grant, is not that much different than the federal Pell Grant in that it is a federal grant that is awarded on an annual basis to undergraduate students that exemplify an exceptional need for money to pay for college.
Students with the lowest EFC values typically qualify for this type of grant, and if you are able to get this award you can expect to receive anywhere between 100, and 4,000 dollars per academic year.
Academic Competitiveness Grant
The Academic Competitiveness Grant, or ACG grant, is a relatively new federal grant that was initiated for the first time during the 2006-2007 school year. This award is available in conjunction with the aid that you receive by way of the Pell Grant, and you can get up to 750 dollars for your first year of undergraduate coursework, and up to 1,300 dollars for your second year of academic study.
Most ACG grants are designed to benefit students that have completed a rigorous schedule of coursework, and you can apply for this grant by submitting the FAFSA.
National SMART Grant
The National SMART Grant, also known as the National Science and Mathematics Access to Retain Talent Grants, is a federal grant that is awarded annually to third, and fourth year students who are majoring in various science, mathematics, technology, engineering, foreign language, or non-major single liberal arts programs.
To become eligible you must also be eligible to receive the Pell Grant for that particular award year, and you must have at least a 3.0 grade point average. If you are able to receive the SMART grant you can expect to receive up to 4,000 dollars in aid by way of this federal award.
The TEACH Grant, also known as the Teacher Education Assistance for College and Higher Education Grant Program, is a federal grant that is given to undergraduate students who plan on working as either an elementary, or secondary school teacher that serves students who come from low-income families upon graduation.
The grant can provide up to 4,000 dollars per year for any student who is able to qualify, and the requirements mainly focus on your ability to perform academically, and your commitment to becoming a teacher upon graduation.