NEED-BASED FINANCIAL AID
Need-based financial aid is aid that is awarded based on the family's demonstrated financial need. A processed Free Application for Federal Student Aid (FAFSA) is required to receive Carroll and/or Federal Need-Based Aid.
FEDERAL NEED-BASED GRANTS
Four types of grants are available:
1. Federal Pell Grant - Federal Grant awarded to high need students. The
maximum award is $5,350 per year.
2. Federal Supplemental Educational Opportunity Grant (FSEOG) - Federal
Grant with priority given to Federal Pell Grant eligible students. Average
award is $500 per year.
3. Academic Competitiveness Grant (ACG) - Awarded to U.S. citizens who
are full time (12 credits), Federal Pell Grant recipients who have completed a rigorous secondary program of study and are in their first or second
year. The maximum award for first year students is $750 per year.
Second year students maximum award is $1,300 per year. Students
must maintain at least a 3.0 GPA to be eligible for the second year ACG.
More information available at http://studentaid.ed.gov.
4. National Science Mathematics Access to Retain Talent Grant
(National SMART) - $4,000 per year awarded to U.S. citizens who are full
time (12 credits), Federal Pell Grant recipients. Awarded to third and fourth year students who are majoring in physical, life, or computer science,
engineering, mathematics, technology, or a critical foreign language.
Students must maintain a 3.00 GPA and be currently enrolled in at least one class required for the eligible program. For more information
please go to http://studentaid.ed.gov.
Grants do not need to be repaid and are awarded to students with the greatest financial need.
To be eligible, you must be an undergraduate pursuing your first baccalaureate degree.
CARROLL NEED-BASED AID
Carroll College offers many need-based grants and scholarships. Priority consideration is given to students who are admitted to Carroll and have submitted their FAFSA by May 1st.
QUESTIONS?
Please contact us at fao -is-at- carroll -dot- edu.