A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor's or a professional degree. Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added.
The amount you are awarded is calculated from the information provided on the FAFSA and will depend on your financial need, your cost to attend school, your status as a full-time or part-time student, and your plans to attend school for a full academic year or less. Note: The maximum award amount is given for any Pell Grant eligible student whose parent or guardian died as a result of military service in Iraq or Afghanistan after Sept.11, 2001. You must be under 24 years old or enrolled at least part-time in college at the time of your parent's or guardian's death.
The maximum amount of Pell Grand a student can receive each year is equal to 100% of the scheduled amount. The lifetime eligibility for Pell Grants is limited to a total of 12 full-time semesters. For more information and how to calculate the lifetime eligibility, go to http://studentaid.ed.gov/PORTALSWebApp/students/english/PellLimit.jsp.
The Federal Supplemental Educational Opportunity Grant (FSEOG) program is for undergraduates with exceptional financial need. Pell Grant recipients with the lowest expected family contributions (EFCs) will be considered first for a FSEOG. Just like Pell Grants, the FSEOG does not have to be repaid. SEOG award amounts are based on funding for per institution. We are currently awarding $200 - $800 per year. These funds are limited and priority is given to the earliest qualifying applicants until the school's funds are depleted.
The Federal TEACH Grant is for students pursuing a degree in teacher education. The Federal TEACH Grant is a non-need based program for students majoring and certified as a highly qualified teacher in one of the following high need fields:
The annual maximum award amount is $4,000 based on full-time enrollment and may be prorated for enrollment of other than full-time. The TEACH Grant requirements are as follows:
It is very important to understand that if you do not teach for 4 years at a Title I school, the full amount of the TEACH grant converts to a Federal Direct Unsubsidized Stafford Loan. For more information about the TEACH Grant, you are encouraged to visit the TEACH Grant site at: www.teachgrant.ed.gov
To view a list of Title I schools visit www.tcli.ed.gov
The Tennessee Student Assistance Award Program (TSAA) was established to provide non-repayable financial assistance to financially-needy undergraduate students who are residents of Tennessee. TSAC Grant does not need to be repaid. Applicants must be enrolled or accepted for enrollment, at least half time, at a public or an eligible non-public postsecondary institution in Tennessee. Funds are awarded on a first come, first-served basis. The TSAA is a state-funded grant program and includes funds from the Tennessee Education Lottery Corporation and the federal LEAP program.
To be eligible, the applicant must:
To receive priority consideration, students are strongly encouraged to submit a Free Application for Federal Student Aid (FAFSA) as soon as possible after January 1 each year. Maximum award amounts are determined by the TSAC Board of Directors prior to the beginning of the fall term. The final amount is determined by the institution. Awards are made until funds are depleted. Awards are subject to adjustment as needed according to federal, state and school regulations.