External awards, such as Pell Grants, federal grants,
state grants, or outside scholarships, are usually the
first piece of the aid package. Grants do not need to
be repaid. It is crucial that you apply for all outside
scholarships for which you may be eligible. See your
high school counselor to find out about possible sources
of outside scholarship funding, or visit our link to
Scholarship Search Strategies.
Federal Pell Grant - A federal grant
awarded to undergraduate students with a high financial
need, based on a student's EFC.
Academic Competitiveness Grant - A
federal grant program that awards up to $750 for the
first year of undergraduate study and up to $1,300 for
the second year of undergraduate study (both first and
second "years" are based on grade level) to
students enrolled at least half time or above (grant
is prorated accordingly), who are U.S citizens or eligible
non-citizens, receiving a Federal Pell Grant, and who
had successfully completed a rigorous
high school program, as determined by the state
or local education agency and recognized by the Secretary
of Education. Second year students must also have maintained
a cumulative grade point average (GPA) of at least 3.0.
National Science and Mathematics Access to
Retain Talent (SMART) Grant - A federal grant
program that awards up to $4,000 for each of the third
and fourth years of undergraduate study (both third
and fourth "years" are based on grade level)
to students enrolled at least half time or above (grant
is prorated accordingly), who are U.S. citizens or eligible
non-citizens, receiving a Federal Pell Grant, and are
enrolled in an eligible
field of study. The student must also have maintained
a cumulative grade point average (GPA) of at least 3.0.
Teacher Education Assistance for College and Higher
Education (TEACH) Grant - A federal grant program
that awards up to $4,000 per year to students who agree
to serve as a full-time teacher in a high-need field in
a public
or private elementary or secondary school school
that serves students from low-income families.
TEACH Grant requires that a student must agree
to serve as a full-time teacher in a high-need
field in a public
or private elementary or secondary school that
serves low-income students. A TEACH Grant recipient
must teach for at least four academic years within
eight calendar years of completing the program of
study for which the TEACH Grant was received. IMPORTANT:
If a student fails to complete this teaching obligation,
all amounts of the TEACH Grants that were received
will be converted to a Federal Direct Unsubsidized
Stafford Loan. This loan plus all accrued interest
must be repaid to the U.S. Department of Education.
Interest will be charged from the date the grant(s)
was disbursed.
To qualify for a TEACH Grant a student must have
placed above the 75th percentile of a standardized
college admission test (ACT/SAT/GRE), OR
have a high school cumulative 3.25 GPA and must
maintain the 3.25 GPA throughout their academic
program, OR be a current teacher
returning to pursue an advanced degree. Student
must file the FAFSA and answer the question regarding
teaching. Student may be either an undergraduate
or graduate enrolled full or part-time. Award amounts
are proportionally reduced as enrollment level lessens.
A student must complete a Teach Grant Agreement
to Serve each year and complete TEACH Entrance Counseling
each year to receive a TEACH Grant. For information
about the high-need fields and schools serving low-income
students, eligibility requirements, grant conditions,
and to obtain the service agreement, see www.teach-ats.ed.gov.
or review the TEACH
Fact Sheet.
Need to
complete your TEACH Grant Entrance Counseling?
Federal Supplemental Educational Opportunity
Grant (SEOG) - A federal grant awarded to undergraduate
students with exceptional financial need. Priority in
awarding SEOG funds is given to students who are Pell
Grant recipients.
Miami Grant - Ohio residents admitted
as new first-year Oxford campus students may be awarded
a renewable Miami Grant. This is strictly a need-based
grant, no academic criteria is considered. Students must
file the FAFSA by February 15. In 2009-2010 the grant
value ranged from $1,300 to $2,750. Roughly 60% of Ohio
residents received at least the minimum amount.
Ohio College Opportunity Grant (OCOG) -
The Ohio College Opportunity Grant (OCOG), is a state
grant for Ohio residents with financial need who are
enrolled at the Oxford campus only. The Ohio College
Opportunity Grant requires that the Free Application
for Federal Student Aid (FAFSA) be submitted by October
1 each year. The grant for a full-time student is $1,008
and is based on how many hours the student is enrolled.
Pennsylvania State Grant (PHEAA) -
A state grant for Pennsylvania residents with financial
need enrolled at least half time. The Pennsylvania State
Grant requires that the Free Application for Federal
Student Aid (FAFSA) be submitted by May 1 each year.
The grant amount varies up to $300 per semester for
Pennsylvania residents attending Ohio schools.
Rhode Island State Grant Program -
A state grant for Rhode Island residents with financial
need, enrolled at least half time. The grant can be
used during the fall and spring semesters for a total
of four years. The Rhode Island State Grant requires
that the Free Application for Federal Student Aid (FAFSA)
be submitted by March 1 each year. The amount ranges
from $250 to $1400, depending on financial need.
Vermont Grant - A state grant for
Vermont residents with financial need who are enrolled
full-time in an undergraduate degree program. The grant
can be used during the fall and spring semesters for
a total of ten semesters. The Vermont State Grant requires
submitting the Free Application for Federal Student
Aid (FAFSA) each year. The amount varies depending upon
financial need and the cost of the institution and the
resources they consider available for education. For
2008-2009, the grant range was $500 to $10,600. A student
who plans to be attending less than full-time is eligible
to apply for a part-time grant based on financial need.
The part-time amount varies depending on credit hours.
Study Abroad Airfare Grant - Eligible
students with financial need may receive a university
grant up to $600 for their study abroad airline ticket
and could receive the remainder of their ticket price
in an interest free university loan. Students must attend
full time during either the fall or spring semester
in a study abroad program. For more information and
the requirements for this grant, see Financial
Aid for Study Abroad.
SCAM ALERT FROM THE DEPARTMENT
OF EDUCATION: Someone
is impersonating a U.S. Department of Education official
and is offering students grants in place of their loans
for a processing fee. This is a scam, there is no ED
program to replace loans with grants and there is no
processing fee to obtain Title IV grants from the Department
of Education. Students should never provide their bank
account or credit card information over the phone unless
they initiated the call and trust the company they are
calling. For information about preventing scams visit
the Federal
Student Aid website.
GRANTS
Amount
Who is Eligible
How to Apply
How Award is Determined
Federal Pell Grant
$976-$5,350
US citizens or permanent residents demonstrating
financial need
Submit FAFSA by Feb 15.
Expected Family Contribution (EFC) must be below
4,617
Academic Competitiveness Grant (ACG)
$750-$1,300 (prorated according to enrollment)
US citizens or eligible non-citizens attending
at least half time or above. For first-year students
who graduated high school after 1/1/06 and second-year
students who graduated high school after 1/1/05.
Submit FAFSA by Feb 15.
Students must have completed rigorous high school
program and receiving a Pell Grant. Must obtain
a 3.0 GPA during first award year.
National Science and Mathematics Access to Retain
Talent (SMART) Grant
$4,000 (prorated according to enrollment)
US citizens or eligible non-citizens attending
at least half time or above in their third and fourth
award year.
Submit FAFSA by Feb 15.
Students must be in an eligible major and receiving
a Pell Grant. Must maintain a 3.0 GPA.
Teacher Education Assistance for College and Higher
Education (TEACH) Grant
$4,000
US citizen or eligible non-citizen enrolled as
an undergraduate or graduate student, who intends
to teach in a high-need field in a public or private
elementary or secondary school that serves students
from low-income families. Requires TEACH Grant agreement
and TEACH entrance counseling signed each year.
Submit FASA by Feb. 15.
Student must meet certain academic achievement
requirements (score above the 75 percentile on a
college admission test or maintain a GPA of at least
a 3.25).
Federal Supplemental Educational Opportunity Grant(SEOG)
$1,000
US citizens or permanent residents demonstrating
financial need
Submit FAFSA by Feb 15.
Based on need according to a federal formula.
Priority is given to students who receive Pell grants.
Ohio College Opportunity Grant
$1,008
Ohio residents with high financial need, based
on EFC
Submit FAFSA by Oct 1.
Expected Family Contribution (EFC) must be below
$2,190.
Miami Grant
For fall 2009 range was $1,300-$2,750
New first-year, Oxford campus, Ohio resident students
Submit FAFSA by Feb 15.
Strictly based on need
Pennsylvania State Grant (PHEAA)
up to $600
Pennsylvania residents demonstrating financial
need
Submit FAFSA by Oct 1.
Based on need according to a federal formula.
Rhode Island State Grant Program
$250-$1,400
Rhode Island residents demonstrating financial
need
Submit FAFSA by Oct 1.
Based on a need formula developed by the Rhode
Island Higher Education Assistance Authority
Vermont Grant
$500-$10,600
Vermont residents demonstrating financial need
Submit FAFSA as soon as possible after January
1.
Based on need
Study Abroad Airfare Grant
$600
Students must attend full time during either the
fall or spring semester in a study abroad program.