Financial Aid

Federal Pell Grant

FEDERAL SEOG GRANT
The Federal Pell Grant program is a federal grant funded through the United States Government made available to all undergraduate students who demonstrate financial need. Eligibility and financial need are determined through successful completion of the Free Application for Federal Student Aid. Federal Pell grants are considered to be the “foundation” upon which all other financial aid is awarded. The maximum amount for the 2010-11 academic school year is $5,550. Students must be U.S. citizens or eligible non-citizens either enrolled or planning to enroll for the upcoming term. There is a standard formula established by Congress used to evaluate the information reported on the FAFSA. The Expected Family Contribution (EFC) number recorded on the FAFSA determines the award amount. Federal Pell grants are a source of financial assistance that does not have to be re-paid.

FEDERAL SEOG GRANT
The Federal Supplemental Educational Opportunity Grant (SEOG) grant program is a form of campus-based aid funded through the United States Government awarded to colleges and universities for students who meet the same eligibility requirements as the Pell grant program. Students must demonstrate need and are required to complete the FAFSA. Due to funding limitations, it is recommended that all applicants complete the FAFSA early. SEOG grants at Bennett College are awarded up to $1,000 annually. SEOG grants are also a form of financial assistance that does not have to be re-paid.

FEDERAL ACG GRANT
The Academic Competitiveness Grant is a federal grant created by the Higher Education Reconciliation Act of 2005 to encourage students to take more challenging courses while in high school as an effort to make college completion a reality. In addition, the grant was established to pursue college majors in high demand within the global economy. The ACG grant is available to first and second year students. Students must have completed rigorous high school course work and be Pell grant eligible. The amount for a first year student is $750 and the amount for a second year student is $1,300. The ACG grant is a form of financial assistance that does not have to be re-paid.

FEDERAL SMART GRANT
The Science & Mathematics Access to Retain Talent Grant is a federal grant created by the Higher Education Reconciliation Act of 2005. The SMART grant was also created along side the ACG grant to encourage students to pursue college majors specifically in the sciences such as: math, science, technology, engineering, computer science and/or a critical foreign language. The grant is available to third and fourth year students. Students must have a minimum grade point average of 3.0 at the end of each term. The SMART grant is available to Pell grant eligible students in the amount of $4,000 annually.

FEDERAL TEACH GRANT
Through the College Cost and Access Act of 2007, Congress created the Teacher Education Assistance for College and Higher Education (TEACH) Grant Program that provides grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low income families. Interested student’s must complete the FAFSA, be a US Citizen or eligible non-citizen, maintain a cumulative grade point average of 3.25 and sign a TEACH agreement. If the student fails to complete the service obligation, the TEACH grant will be converted into a Federal Direct Unsubsidized Stafford Loan. The loan will then have to be repaid and interest will be charged from the disbursement date of the grant.

NORTH CAROLINA LEGISLATIVE TUITION GRANT
The NCLTG grant is available to NC residents who are enrolled or planning to enroll into college in the amount of $1,800 annually. Students must complete a NCLTG application and be enrolled at least half-time.

NORTH CAROLINA STATE CONTRACTUAL GRANT
The State Contractual Scholarship program is a need based state grant awarded to North Carolina residents. Students must meet the same eligibility requirements to receive the NCLTG grant while demonstrating financial need. This award is contingent upon funding availability and early completion of the FAFSA. Awards usually arrange from $700 to $4,000 annually.

NORTH CAROLINA STUDENT INCENTIVE GRANT
The NCSIG grant is a $700 grant available to students who are residents of North Carolina. This award is contingent upon fund availability and early completion of the FAFSA.

NORTH CAROLINA EDUCATIONAL LOTTERY SCHOLARSHIP/GRANT PROGRAM
The NC Lottery program is available to NC residents who are enrolled for at least six credit hours, while classified as an undergraduate student. The amount ranges from $100 up to $2,500 annually. Eligibility is determined through completion of the FAFSA.

DC TAG GRANT
The DCTAG grant is available to students from the District of Columbia in the amount of $2,500 and $10,000 annually. The deadline is June 30th annually. The DC application process is enforced. For more information, please visit the website made available by the Office of the State Superintendant at www.osse.dc.gov.

DC LEAP GRANT
The DC Leap is a need based grant available to students from the District of Columbia in the amount of $1,500 annually. The DC application process is enforced. For more information, please visit the website made available by the Office of the State Superintendant at www.osse.dc.gov.

DC CAP GRANT
The DC CAP grant is available in the amount of $2,000 to students who graduated from DC public high school. The high school guidance counselor coordinates the process.

RHODE ISLAND GRANT
The Rhode Island grant is available in the amount of $1,400 annually to students whose permanent residence is Rhode Island.

PHEAA GRANT
The Pennsylvania Higher Education Authority grant a program available to students from Pennsylvania who demonstrate unmet financial need. The amount of the PHEAA grant is $400 annually.