FEDERAL PELL GRANT
The Federal Pell Grant, unlike the Student Loan does not have to be repaid unless, for example, funds are granted improperly. Generally, the Federal Pell Grant is awarded only to undergraduate students who have not earned a college degree or four years (high school) or other professional degree and who have not exceeded the maximum allowed time (150%) to complete a first Sub graduate.
In universities the Ana G. Méndez University System the maximum time allowed is measured according to the duration of the curriculum credits to which you aspire.
- To determine the eligibility of students, the Department of Education uses a standard formula, established by Congress, to evaluate the information the student presents when it sends a request. The formula produces a number of Expected Family Contribution ("Expected Family Contribution" or EFC). The report SAR (Student Aid Report or SAR) contains the number at the top right of the first page. This number is used to determine what amount of scholarship the student is eligible according to their cost of education and the academic load.
- The student can only receive a Pell Grant in a school year. How much you get will depend not only on your EFC, but the cost of attendance at the educational institution, if in full-time or part-time or have attended another school during a portion of the academic year. The student cannot receive Federal Pell Grant funds in more than one school at a time.
- The Universities of the Ana G. Méndez University System credited to the student's account, and provide the remaining funds usually by check or direct to the bank account of the student who so authorized deposit.
- The student may receive this scholarship with a smaller half-time enrollment. You will not receive the same amount as if you were enrolled full time
- The student may receive back pay from the Federal Pell Grant for a period of study completed during the academic year.
- Will be paid retroactively only those credits that the student completed. No courses which did not attend, nor for courses that dropped out will be paid.
- This program must apply annually and the application is available for students with an academic load of up less than half time. The credits in which the student is enrolled and not related to the student's program of study are not eligible for payment.
Lifetime Eligibility Used (LEU %)
As of July 1, 2012, the duration of the Federal Pell Grant eligibility is reduced to six years studying full time or 600%. The Department of Education calls percent utilization Lifetime Eligibility Used scholarship. To find out how the Department performs this evaluation can be accessed: www.studentaid.ed.gov/pell-limit
Students may repeat a course previously approved and pay federal or state funds once. Repeated courses that do not comply with the above will not be taken into consideration in determining the course load so could result in adjustments to financial support.
FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT(FSEOG)
A Federal Supplemental Educational Opportunity Grant (FSEOG) is intended for students at the undergraduate level that demonstrate exceptional financial need. That is, students who have the Expected Family Contribution (EFC - 0) are given priority to students who receive Federal Pell Grant. You can get between $ 100 and $ 4,000 a year, depending on the date of application, financial need, and the funding level of the institution and the rules of the financial aid office.
SCHOLARSHIP PROGRAM OF STUDIES FOR THE PROMOTION OF TEACHING (TEACH)
Through Reduction Act of University Costs and Promoting Access to Higher Education 2007, Congress created the Scholarship Program for Advanced Studies for the Advancement of Teaching (TEACH Grant Program). Grants of up to $ 4,000 are awarded annually to students who intend to serve as teachers in public or private elementary or secondary schools that serve low-income families. If after reading this newsletter for more information about the TEACH Grant Program, contact the financial aid office of the educational institution you plan to attend the beginning of the academic year 2015-2016.
- To receive a TEACH Grant, you must agree to serve full time as a teacher in a high-need field in a public or private elementary or secondary school that serves low-income families. (For information on high-need fields and schools that serve low-income families, see below.)
- Fellows must provide teaching service for at least four academic years within a period not exceeding eight calendar years from the date you completed the program of study for which they received a TEACH Grant. IMPORTANT:
- If you fail to complete the service obligation, all amounts received as TEACH Grant is converted to a Federal Direct Unsubsidized Stafford Loan interest and the fellow will have to repay this loan to the US Department of Education
- You will be charged interest from the date on which the grants were disbursed. If the TEACH Grant becomes a Direct Unsubsidized Loan, grantees may benefit from a grace period of six months before the loan repayment.
To qualify for the TEACH Grant, you must meet the following criteria:
- Complete the Free Application for Federal Student Aid (FAFSA), but need not demonstrate financial need.
- Be a US citizen or alien entitled to participate.
- Be enrolled as an undergraduate or graduate (or later studies to the baccalaureate) in a postsecondary educational institution that participates in the TEACH Grant Program.
- Take (or have planned study) tests are considered necessary to be a teacher. Such courses may include subject (p. Eg., Math courses for students who are planning to be a math teacher).
- Meet certain academic requirements (generally get a higher score at the 75th percentile on a college admissions test or maintaining a cumulative GPA [grade point average] of at least 3.25).
- Signing the Agreement teaching service TEACH Grant Program (see below for information on this subject).
High need areas are as follows:
- Bilingual Education and English.
- Foreign languages (other than English).
- Reading Specialist.
- Special education
- Other areas where we have identified a shortage of teachers to the date on which the trainee begins to serve as teachers in the field. These are academic (not geographic) areas listed in the annual list of areas of teacher shortages nationwide, issued by the Department of Education. To access the list, go to http://www.ed.gov/about/offices/list/ope/pol/tsa.doc
Due to sequestration, award amounts for any TEACH Grant that is first disbursed on or after Oct. 1, 2014, and before Oct. 1, 2015, must be reduced by 7.3 percent from the award amount for which a recipient would otherwise have been entitled. Any TEACH Grant that is first disbursed on or after Oct. 1, 2015, and before Oct. 1, 2016, must be reduced by 6.8 percent. For example:
- For any 2015–16 TEACH Grant first disbursed on or after Oct. 1, 2014, and before Oct. 1, 2015, the maximum award of $4,000 is reduced by 7.3 percent ($292), resulting in a maximum award of $3,708.
- For any 2015–16 TEACH Grant first disbursed on or after Oct. 1, 2015, and before Oct. 1, 2016, the maximum award of $4,000 is reduced by 6.8 percent ($272), resulting in a maximum award of $3,728.
For the new academic year 2015-2016, the granting of aid under the Teach Grant program disbursed as of October 1, 2015. It will have a reduction of 7.3% of your original payment. The amount awarded will be $ 3708.00 (annual).
Schools that serve low-income students:
Schools serving low-income students include any elementary or secondary education in the annual Directory of schools designated as low income for purposes of student loan forgiveness for teachers, published by the Department of Education. To access the directory, go to https://www.tcli.ed.gov/CBSWebApp/tcli/TCLIPubSchoolSearch.jsp.
Agreement teaching service TEACH Grant Program:
Every year the student to receive a TEACH Grant, you must sign the agreement to provide service, which is available in the System Benefit Agreements Teaching Service TEACH Grant Program. The Agreement teaching service the TEACH Grant Program provides the conditions for granting the requirements of teaching and the recognition by the fellow who, in breach of the latter will have to repay the scholarship as if it were a Federal Loan Direct Unsubsidized, including interest accrued from the date of disbursement. Specifically, the Agreement teaching service provides:
- In the case of each of the approved programs that have received funding from the TEACH Grant Program, the student will have to serve full time as a teacher for at least four academic years within a period not exceeding eight calendar years from its termination or withdrawal of the academic program for which you received a TEACH Grant.
- You have to provide the service working as highly qualified teacher in a school that serves a population of scarce resources. "Highly Qualified Teacher" is defined in Section 9101 (23) of the Law on Primary and Secondary Education of 1965 and Section 602 (10) of the Education Act for Persons with Disabilities.
- The teaching service must be in a high-need field.
- You must comply with any other requirements established by the Department of Education.
- If you fail to complete the service obligation, all amounts received as TEACH Grant is converted to a Federal Direct Unsubsidized Stafford Loan, and the fellow will be repaid with interest accrued from the date of disbursement of each a scholarship.
If you have any question regarding, please visit http://www.studentaid.ed.gov. If the student receives TEACH Grant but does not meet the required teaching service (as explained above), the grants will be converted to a Federal Direct Unsubsidized Stafford Loan, and the fellow will be repaid with interest accrued from the date disbursement of each of the scholarships.
FEDERAL PROGRAM OF WORK AND STUDY
- This program provides assistance to students seeking employment opportunities
they can combine their academic responsibilities. Students may participate in any
area of the Institution of both the Main Campus and other locations.
- It is based on financial need of the student program.
- The amount awarded is 80 hours per semester according to the availability of funds. The
student may not exceed the hours assigned during the semester.
- The student receives a payment on the 15th of each month for hours worked in the previous month.
- Within the Work-Study Program background Community Service (CWSCS) is or
Community Services, which allows students to help other students in
or outside the institution.
Eligibility to Work Study Program is regulated by federal provisions apply to all financial aid programs. These are:
- Complete the Free Application for Federal Student Aid (FAFSA).
- Have foreign citizenship or be eligible.
- At the undergraduate level, the student must have an enrollment formalized with a load 6 academic credits or more per semester.
- A graduate or doctoral level students must have a formalized registration with a load 3 academic credits or more per semester.
- Having Satisfactory Academic Progress.
- Be registered with Selective Service (males).
- Demonstrate financial need.
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