The Federal Pell Grant is a part of the Obama Administration's "American Reinvestment and Recovery Plan." The Pell Grant can award up to a maximum of $5,550 if you are found eligible. Determining factors in the amount to be awarded include student status (part-time or full-time), family income and your particular school's yearly tuition.
Federal Student Aid Information Center
800-433-3243
studentaid.ed.gov
The Federal Supplemental Educational Opportunity Grant is designed to offer extra aid (on top of the Pell Grant) to American students from exceptionally low-income families within the United States. The grant is offered annually and the money awarded can range from $100 to $4,000 based upon the financial need that is assessed from your application. Like the Pell Grant, your eligibility is determined by school tuition, family income and your student status.
Federal Student Aid Information Center
800-433-3243
studentaid.ed.gov
The Academic Competitiveness Grant is awarded to students who have already received Pell Grants and have made the most of them by maintaining good GPAs. You're eligible if you have maintained at least a 3.0 GPA on a 4.0 scale and if you are currently in either your sophomore or senior year of college. The grant awards $750 to sophomores and $1,300 to seniors.
Federal Student Aid Information Center
800-433-3243
studentaid.ed.gov