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Financial Aid: Government Contribution

Tue, 2010-08-17 11:30 — Anonymous

Financial Aid is a partnership. For students and parents to afford collegiate education, this partnership must be in full force.
Today I will talk about the Government contribution and what that may look like.
For the government to have any contribution at all, students must complete the FAFSA, (Free Application for Federal Student Aid) You can do that online at: www.fafsa.ed.gov. Reminder: NEVER pay to complete the FAFSA. The first “F” in FAFSA stands for FREE!
The government contribution may come in several forms:

  • Pell Grant: This is a free grant given to students with the highest level of need.  The maximum grant for the 2010-2011 academic year is $5,550.  Because this is a grant, it is “free” money and does not need to be paid back.
  • SEOG Grant: The SEOG Grant (Supplemental Educational Opportunity Grant) is available to students who demonstrate need as well.  You can receive between $100 and $4,000 a year, depending on when you apply, your financial need, the funding at the school you’re attending, and the policies of the financial aid office at your school.
  • State Grants:  These vary by state and need.  Some s...
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