Federal Grant Funding Sources
Federal Grant funds are awarded to students who demonstrate financial need as determined by the student’s Expected Family Contribution (EFC) on the Student Aid Report (SAR). A grant is a fund awarded to a student that does not have to be repaid. Most grants are only available to students who are pursuing their first bachelor’s degree. Grant amounts are determined by the student’s cost of attendance, enrollment status, and EFC. Students must meet the Satisfactory Academic Progress in order to remain eligible for federal grants.
Federal Pell Grant
The Federal Pell Grant is available to undergraduate students pursuing their first bachelor’s degree who demonstrate financial need as determined by the information reported on the student’s Free Application for Federal Student Aid (FAFSA)
. The amount of the Pell Grant is determined by the student’s EFC and the number of hours for which the student is enrolled. The maximum award amount varies from year to year. The award amount may increase or decrease based on enrollment status and, if selected, a change to a student’s EFC as a result of verification. For 2013-2014:
- The Pell Grant program is available to students with an EFC of $5,081 or less
- The maximum Pell Grant award for the year is $5,645 for students with an EFC of $0
Pell Grant Duration of Eligibility
- The Pell Grant program is available to students with an EFC of $4,995 or less
- The maximum Pell Grant award for the year is $5,550 for students with an EFC of $0
The Consolidated Appropriations Act of 2012 (Public Law 112-74) reduced the duration of a student’s eligibility to receive a Federal Pell Grant from 18 full-time semesters (or its equivalent) to 12 full-time semesters (or its equivalent). This provision applies to all Federal Pell Grant eligible students and calculation of a student’s eligibility will include all years of a student’s receipt of Federal Pell Grant Funding.
Students who have attended college as a full-time student (at Columbia College Chicago or at another institution) and received the Federal Pell Grant for more than 5 years may have limited eligibility for the Pell Grant for 2013-14. Students whose 2013-14 eligibility is affected will receive a revised award notice once their award has been adjusted.
Federal Supplemental Educational Opportunity Grant (FSEOG)
The Federal Supplemental Educational Opportunity Grant (FSEOG) is available to undergraduate students pursuing their first bachelor’s degree who demonstrate exceptional financial need. Awards range from $500-$1,000 per semester with a maximum award of $2,000 for the year. A student’s eligibility for this award may change as a result of based on his/her enrollment status.
Iraq and Afghanistan Service Grant (IASG)
Undergraduate students whose parent or guardian died as a result of U.S. military service in Iraq or Afghanistan after September 11, 2001 may be eligible to receive an increase in their federal financial assistance. Students are eligible:
- if the student was 23 years of age or younger when the parent/guardian died or,
- if the student was over age 23, s/he was enrolled in college at the time of the parent/guardian’s death.
Eligible students are identified through a data-match with the Department of Defense when they complete their FAFSA. Identified students who have a Pell eligible EFC will be awarded the maximum Pell Grant award for the award year. Identified students who do not have a Pell eligible EFC will be awarded the IASG in the amount of the maximum Pell Grant award for the award year.
Federal TEACH Grant
The Teacher Education Assistance for College and Higher Education (TEACH) Grant 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 areas. At Columbia College Chicago, only graduate students in the Educational Studies program may be eligible for a maximum of $8,000 of TEACH grant funding during the course of their program. The TEACH Grant at CCC is not currently available for undergraduate students or graduate students in a program other than Educational Studies.
Interested students should contact the Program Advisor in the Educational Studies Department.
Students who do not fulfill the teaching obligation within 8 years of receiving this grant will have their grant converted to an unsubsidized Stafford loan. For more information on the Federal TEACH Grant and its requirements, visit http://studentaid.ed.gov.