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Paying For College - Head Matters


5. Financial Aid Overview

b. Types of financial aid - Gift aid (continued)

Grants are gift aid, too, and are awarded based on need or merit.  Grants do not need to be repaid. Grants come from federal and state governments, colleges and even private companies and organizations. The universal application to apply for grants is the FAFSA.

 Grant Aid Summary  Amounts
Colorado Need-based Awards
Includes the Colorado Student Grant.
Federal Pell Grant
Need-based entitlement program available to all eligible undergraduate students. Grant amounts are dependent on: the student's expected family contribution (EFC); the cost of attendance (as determined by the institution); the student's enrollment status (full-time or part-time); and whether the student attends for a full academic year or less.
up to  $5,550
Federal Supplemental Educational Opportunity Grant (FSEOG)
Need-based program designed to offset tuition and related expenses for at least half time undergraduate students.
Not based on financial need, this program is available for undergraduate, post-baccalaureate, or graduate students who complete the FAFSA and meet certain academic requirements as well as be a U.S. citizen or eligible non-citizen. Recipients must sign a service agreement to teach in high-need fields. This grant must be repaid as an Unsubsidized Stafford Loan if the student does not fulfill the teaching service requirement.
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