CAPITAL AREA CAMPUS
FEDERAL Pell Grant:
Federal Pell Grant, unlike a loan, does not have to be repaid. Federal Pell Grants usually are awarded only to undergraduate students who have not earned a bachelor's or a professional degree and have not exceeded the maximum time permitted (150%) to complete the first bachelor’s degree. The institutions at Ana G Mendez University Systems (AGMUS), measure the maximum time permitted according to the program’s duration based on credits.
The Federal Department of Education utilizes a standard formula, established by Congress, to determine students’ eligibility and evaluates the information sent on the Free Application for Federal Student Aid (FAFSA) This formula produces the Estimated Family Contribution (EFC) The EFC can be found on the right hand side of the first page of the Student Aid Report (SAR) This number will identify the amount from PELL grant that a student can receive according to academic load and Cost of Attendance (COA)
A student may not receive Federal Pell Grant funds from more than one school at a time. Amounts can change yearly, the amount you get will depend on: Estimated family Contribution (EFC), your financial need, cost of attendance, status as a full-time or part-time student, or if you attended another institution during the same academic year.
LIFETIME ELEGILIBILITY USED (LEU %)
A new regulation effective July 1st, 2012 known as Lifetime Eligibility Used (LEU) limits the receipt of Pell Grant to a lifetime of up to 6 full time years of studies equals to 600%. Students with a LEU of 600% or more, are ineligible to receive Pell Grant. The student will receive information about his/her LEU after the FAFSA is completed. www.studentaid.ed.gov/pell-limit.
A student can receive federal or state funds for re-taken courses, even if it was already approved, but one time only. Any re-taken course that does not comply with the information already mentioned, will not be considered as part of the students’ academic load; resulting in a financial aid adjustment.
Federal Supplemental Educational Opportunity Grant (FSEOG)
To get an FSEOG, you must fill out the Free Application for Federal Student Aid (FAFSA). Students who will receive Federal Pell Grants and have the most financial need (EFC-0) will receive FSEOGs first. The FSEOG does not need to be repaid.
The FSEOG program is administered directly by the financial aid office and is therefore called “campus-based” aid.
You can receive between $100 and $4,000 a year, depending on your financial need, when you apply, the amount of other aid you get, and policies from the financial aid office.
In other words, FSEOG funds are first come, first served. This system works differently from the Federal Pell Grant Program, which provides funds to every eligible student.
So, make sure you apply for federal student aid as early as you can.
Teacher Education Assistance for College and Higher Education (TEACH) Grant
Education Assistance for College and Higher Education (TEACH) Grant is different from other federal student grants because it requires you to take certain kinds of classes in order to get the grant, and then do a certain kind of job to keep the grant from turning into a loan. The TEACH Grant Program provides grants of up to $3,708 a year to students who are completing or plan to complete course work needed to begin a career in teaching in a public or private elementary or secondary school that offered services to low income families (Title 1 Schools)
If you have any questions or concerns about TEACH, contact the Financial Aid Office of your institution.
As a condition for receiving a TEACH Grant, you must sign a TEACH Grant Agreement to Serve in which you agree to (among other requirements) teach:
* In a high-need field at an elementary school, secondary school, or educational service agency that serves students from low-income families. (Read further to find out more information related)
* For at least four complete academic years within eight years after completing (or ceasing enrollment in) the course of study for which you received the grant.
IMPORTANT: If you do not complete your service obligation, all TEACH Grant funds you received will be converted to a Direct Unsubsidized Loan. You must then repay this loan to the U.S. Department of Education, with interest charged from the date the TEACH Grant was disbursed (paid to you or on your behalf)
Requirements to participate:
A TEACH-Grant-eligible program is a program of study that is designed to prepare you to teach as a highly qualified teacher in a high-need field and that leads to a bachelor’s or master’s degree, or is a post baccalaureate program. A two-year program that is acceptable for full credit toward a bachelor’s degree is considered a program that leads to a bachelor’s degree. A post baccalaureate program is not TEACH-Grant-eligible if it is offered by a school that also offers a bachelor’s degree in education.
Schools that participate in the TEACH Grant Program determine which of the programs they offer are TEACH-Grant-eligible. A program that is TEACH-Grant-eligible at one school might not be TEACH-Grant-eligible at another school. Contact the financial aid office to find out which programs at that school are eligible.
High Need Fields
High-need fields are:
If you plan to teach in a high-need field that is included in the Nationwide List, that field must be listed for the town where you teach either at the time you begin your qualifying teaching service or at the time you received a TEACH Grant.
IMPORTANT: Award amounts for any TEACH Grant that is first disbursed after September 1, 2014 must be reduced by 8.9 percent from the award amount for which a recipient would otherwise have been eligible. For example, the maximum award of $4,000 is reduced by $356, (8.9%) resulting in a maximum award amount of $3,644.
During the 2014-2015 academic year, any award amounts for any TEACH Grant that is first disbursed after October 1, 2014 will have a reduction of 7.3% from the original payment. The annual award amount will be $3,708.
TEACH Grant Agreement to Serve
Every year a TEACH grant recipient has to renew the Agreement to Serve (ATS), you can find it at www.studentloans.gov The ATS contains all the conditions, requirements, and policies regarding this program; including the commitment to repay the grant as an unsubsidized loan if you do not comply with it.
For additional or specific information visit the website or contact your Financial Aid Officer.
Federal Work-Study Jobs
Help students earn money to pay for college or career school. Federal Work-Study provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study.
Here’s a quick overview of Federal Work-Study:
- Learning Zone
- Reasonable accommodation – Quality of life
- Head Start
- Sports – Summer Camp
- Technology and Science
Eligibility is regulated by the Federal Department of Education, as an example:
Must complete the Free Application for Federal Student Aid (FAFSA)