Financial Aid Basics - Grants
Grants are a type of aid, which does not need to
be repaid, from federal, state, or college sources. They are awarded
to students based on financial or academic need. Grants are the foundation
of our aid programs ensuring that an economically diverse student
population has the opportunity to meet the educational costs at Aims
Community College.
Federal Pell Grant (PELL)
This is a need-based federal grant program for students who are
seeking their first undergraduate degree. The annual award
amount is determined by your Expected Family Contribution (EFC),
cost of attendance and enrollments status. Students who establish
eligibility will be funded.
- 2007-2008: Annual
award ranges from $400 to $4,310 for students with an EFC between
0 and 4111
- 2008-2009: Annual
award ranges from $400 to $4,731 for students with an EFC between
0 and 4042
Initial awards are determined as a result of the Free Application
for Federal Student Aid (FAFSA) and are based on full
time enrollment. Awards can change if any criteria used to determine
your eligibility, such as; major, degree status, satisfactory academic
progress, and income or family information changes.
Federal Supplemental Educational Opportunity Grant (FSEOG):
This is a need–based federal grant awarded to students seeking
a first undergraduate degree in an eligible program who have exceptional
financial need. Priority is given to Pell eligible students who file
their FAFSA early. Limited funding is available in this program and
is awarded a first come–first served basis.
Federal Academic Competitiveness Grant (ACG):
A
federal grant program for undergraduates receiving Pell Grants who
are U.S. citizens in a degree program and are enrolled full-time
in their first or second academic year of study.
First academic year students who have completed a rigorous
secondary school program of study, graduated from
high school after Jan. 1, 2006, and have not been previously
enrolled in an undergraduate program are eligible for an annual
award up to $750.
Second academic year students who have completed a rigorous
secondary school program of study, graduated from
high school after Jan. 1, 2005, and have at least a 3.0 cumulative
GPA at the completion of their first year of postsecondary study
are eligible for an annual award up to $1300.
Colorado State Grant (CSG):
These
state funds are available to Colorado resident
undergraduate students with a documented EFC between 0 and
5775. Awards are made after the Pell Grant eligibility is determined.
Minimum award is $350 per semester for Fall and Spring semesters.
Colorado Leveraging Educational Assistance Partnership (CSIG):
This program is a combination
of state and federal dollars. Funding is limited and is available
to Colorado resident undergraduate students
with exceptional documented financial need. Priority is given to
Pell eligible students who file their FAFSA early. Limited funding
is available in this program and is awarded a first come–first
served basis.
Disclaimer
The Financial Aid Office has taken care to insure the accuracy and
timeliness of the information contained in this publication. However,
contents are subject to change without notice because of changing
federal, state or institutional policies. All financial aid awards
are contingent upon availability of funds and the student’s
final eligibility determination.
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