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.
- The Pell Grant program is available to students with an EFC of $5,157 or less
- The maximum Pell Grant award for the year is $5,730 for students with an EFC of $0
Pell Grant Duration of Eligibility
- 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
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 2014-15. Students whose 2014-15 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 high-need field in a public or private elementary or secondary school (or educational agency) that serves students from low income areas.
Note: Students who do not fulfill the 4-year teaching obligation within 8 years of receiving the TEACH grant will have their grant converted to a Direct Unsubsidized Loan. For more information on the Federal TEACH Grant and its requirements, visit http://studentaid.ed.gov/types/grants-scholarships/teach.
Students must be enrolled as a degree-seeking student in a TEACH Grant Eligible Program, as defined by the institution. At Columbia College Chicago, only the following programs are considered TEACH Grant Eligible:
- Visual Arts M.A.T.
- Elementary M.A.T.
Interested MAT students should contact their Program Advisor in the M.A.T. program
Students must also meet the following requirements:
- Complete a Free Application for Federal Student Aid (FAFSA) in order to receive a TEACH Grant during the year.
- Have a minimum cumulative GPA of 3.25 or better in their current program. If a student is applying for TEACH grant eligibility for their first semester in the program, the student must have completed his/her bachelor’s degree with a minimum cumulative GPA of 3.25.
- Continue to maintain a minimum GPA of 3.25 in order to receive TEACH grant funds.
Award amounts are ultimately determined by the Department of Education and are subject to federal fund appropriations. Currently, the maximum TEACH grant award a student may receive is $4,000 in a single academic year.
Students can receive TEACH grant funds at all enrollment statuses (including less-than half-time); however, award amounts will be prorated based on enrollment in the following manner:
|Less than half-time
Effective October 1, 2014 all TEACH grant awards first disbursed between October 1, 2014 and September 30, 2015 are subject to a federal sequestration reduction of 7.30%. As such, the maximum award amount is set at $3,708.00 for the year ($4,000 * 7.30% = $292.00 reduction).
Effective October 1, 2013 all TEACH grant awards first disbursed between October 1, 2013 and September 30, 2014 are subject to a federal sequestration reduction of 0.89%. As such, the maximum award amount is set at $3,964.40 for the year ($4,000 * 0.89% = $35.60 reduction).
Federal sequestrations reductions may continue to impact TEACH grant awards for the next 10 years. SFS will notify TEACH grant recipients via their LOOP email if/when future reductions to maximum awards are announced.
Students are encouraged to visit www.studentaid.ed.gov for more information on the TEACH Grant program eligibility requirements and grant terms and conditions.