Federal Grants for Schooling

The College Board reports that for the 2008-09 school year the average cost for tuition at public and private colleges was $6,585 and $25,143, respectively, and predicts they will rise by a few percent every year. To assist students, the U.S. Federal Aid program offers five grants to offset the rising cost of college.
  1. Pell Grants

    • The federal government awards Pell Grants to students enrolled in undergraduate programs with a proven financial need. The size of the grant is determined by the school's tuition and fees.

    Federal Supplemental Educational Opportunity Grant (FESOG)

    • FESOGs are a federal grant awarded to supplement Pell Grants for students with an extreme financial need. The size of FESOG's ranges between $100 and $4,000 per year.

    Teacher Education Assistance for College and Higher Education (TEACH) Grants

    • TEACH grants are designated for students studying to become elementary or secondary school teachers. In exchange for the grant, students must work at a public or private school that serves low-income children for four years.

    Academic Competitiveness Grant (ACG)

    • The ACG is an additional award given to Pell Grant students whose high school courses were considered advanced or honors level. The award gives an additional $750 and $1,300 for the first and second years of college, respectively.

    The National Science & Mathematics Access to Retain Talent (SMART) Grant

    • The SMART Grant is a form of federal grant for third- and fourth-year university students majoring in natural sciences, mathematics, engineering or computers. The program is available to supplement Pell Grants.

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