Carroll College, Helena Montana

Aid - Federal Grants

Federal Pell Grant

Federal grant awarded to high need students.  The maximum award is $5,730 per year for the 2014-2015 academic year.  Students must complete the Free Application for Federal Student Aid (FAFSA) in order to be evaluated for Federal Pell Grant eligibility. 
FEDERAL PELL GRANT LIFETIME ELIGIBILITY (LEU)

Beginning in Fall 2012 (as a result of the consolidated Appropriations Act, 2012), students are now limited to 12 semesters, which is the equivalent of six years, (or 600%) of Federal Pell Grant eligibility during their lifetime. Since the maximum amount of Pell Grant funding a student can receive each year is equal to 100%, the six-year equivalent is 600%.  This change affects all students regardless of when or where they received their first Federal Pell Grant. Students that are receiving the Federal Pell Grant in the current academic year and have already used 600% of their Federal Pell Grant eligibility will no longer be eligible to receive a Federal Pell Grant.  If LEU is more than 500% but less than 600%, only partial eligibility for the next award year as outlined below:

LEU of 500% or Less: A student with an LEU of 500% or less is eligible to receive up to 100 percent of the full Scheduled Award for the award year, since the student has at least 100% LEU remaining. 

LEU of 600% or More: A student whose Pell LEU is 600% or more may not receive additional Pell Grant funds.

LEU of Greater Than 500% But Less Than 600%:
A student with an LEU of greater than 500% but less than 600% is not eligible to receive a full Scheduled Award but may receive a partial Pell Grant award of the difference between 600% and the student’s LEU.

“HOW DO YOU KNOW IF THIS AFFECTS YOU?”

  • Information provided to National Student Loan Data System (NLSDS) http://www.nslds.ed.gov/nslds_SA/, and displays on the webpage:  NSLDS Student Access/Grant section
  • If you have attended college for 4 years or longer and received the Federal Pell Grant each semester of attendance, you are likely to exhaust or have already exhausted your lifetime limit of 12 semesters of Federal Pell Grant eligibility.
  • If you have attended college for 3 years or less and received the Federal Pell Grant each semester of attendance, you will likely not surpass the lifetime limit during the current school year.  However, the institution will calculate an award based on remaining Pell Grant eligibility.   

For more information please visit Student Aid on the Web. 

Teacher Education Assistance for College and Higher Education (TEACH)

A Federal TEACH Grant can help you pay for college if you plan to become a teacher in a high-need field in a low-income area.

Up to $3,712 per year (award amounts are subject to change based on federal funding due to sequestration) non-need Federal grant awarded to U.S. citizens majoring in education who intend to teach in a public or private elementary or secondary school that serves students from low-income families. Students must be formally accepted into the Carroll College Education Program. In exchange for receiving a TEACH Grant, students must teach for at least four academic years within eight calendar years of completing the program of study.  Failure to complete the four year teaching requirement will result in TEACH Grant funds being converted to a Federal Direct Unsubsidized Stafford Loan.  Students must score above the 75th percentile on a college admission test or maintain a cumulative GPA of 3.25 or higher to be eligible. 

View the Carroll College TEACH Grant Fact Sheet or the Department of Education TEACH Grant Fact Sheet for additional information, including high-demand fields and low-income schools.  For additional information please visit Student Aid on the Web.

View Teacher Shortage Areas here.

Students who meet the eligibility requirements will receive a letter from the Financial Aid Office.  Students must complete the Free Application for Federal Student Aid (FAFSA) in order to be evaluated for TEACH Grant eligibility.

The following steps need to be completed before receiving a TEACH Grant:


TEACH Grant Initial Counseling
 (First-year recipients)
Agreement to Serve (First-year recipients)
TEACH Grant Subsequent Counseling (Second-year recipients)
TEACH Grant Exit Counseling

Once the initial or subsequent counseling and Agreement to Serve have been completed an official award offer will be sent.  This award will need to be accepted on-line to receive disbursement of the grant.

For more information please visit Student Aid on the Web.

Federal Supplemental Educational Opportunity Grant (FSEOG)

Federal grant with priority given to Federal Pell Grant eligible students.  Average awards are $500 per year (award amounts are subject to change based on federal funding due to sequestration).  Students must complete the Free Application for Federal Student Aid (FAFSA) in order to be evaulated for Federal Supplemental Educational Opportunity Grant (FSEOG) eligibility.

For more information please visit Student Aid on the Web.

Iraq and Afghanistan Service Grant

A student whose parent or guardian was a member of the U.S. Armed Forces and died as a result of service performed in Iraq or Afghanistan after September 11, 2001 may be eligible to receive the Iraq and Afghanistan Service Grant.  Students must complete the Free Application for Federal Student Aid (FAFSA) in order to be evaluated for Iraq and Afghanistan Service Grant eligibility.

Additional Student Eligibility Requirements

* Must be ineligible for a Federal Pell Grant due only to having less
   financial need than is required to receive Pell funds, and
* Be under 24 years old, or
* Enrolled in college at least part-time at the time of the parent's or
   guardian's death.

 Maximum award is equal to 10% less than the maximum Pell Grant for the academic year (award amounts are subject to change based on federal funding due to sequestration).

For more information please visit Student Aid on the Web.