Grants:

Grants such as Pell and SEOG are monies provided by the federal government to assist students pursuing their first bachelor's degree. These funds are not loans and do not have to be repaid unless the student's eligibility changes within the academic year (in which the student was awarded incorrectly) or the student withdraws from the university whithin a certain period of the semester.

• Federal Pell Grants range from $400 to $4,731 for the academic year. This program is awarded based on financial need determined by the federal givernment. The amount awarded depends on the students's eligibility assessed through the Free Application for Federal Student Aid (FASFA).
  
• Federal Supplemental Educational Opportunity Grants (SEOG) range from $200 to $4000 per academic year. Students must be enrolled for at least 6 credit hours and must be eligible for a Pell Grant. Due to limited funding awards are issued on a first come-first serve basis to eligible students.
• Academic Competitiveness Grant (ACG) and National Science and Mathematics Access to Retain Talent Grant (National SMART)
  New federal grants authorized by the Higher Education Reconciliation Act of 2005, established two grant programs for students who major in fields related to computer science, mathematics, engineering, physical sciences, technology, life sciences, and designated foreign languages.
  
  Recipients must be full-time students, U.S. citizens, and eligible for federal Pell Grants. Grants for freshman or sophomore students are called Academic Competitiveness Grants (ACG). Grants for junior or senior students are called National Science and Mathematics Access to Retain Talent Grant (SMART).
  ACG is worth $750 for freshman and $1300 for sophomore students for per academic year.  SMART is worth $4000 for junior and senior students for per academic year.
  
  Academic Competitiveness Grant (ACG) Enrollment Requirements
  1st academic year undergraduate students must have completed a rigorous (as recognized by the Secretary of Education*) secondary school program established by a state or local education agency after January 1, 2006 and, not have previously enrolled in an undergraduate education program.
  2nd academic year undergraduate students must have completed a rigorous (as recognized by the Secretary of Education*) secondary school program established by a state or local education agency after January 1, 2005. Students must have a cumulative GPA of at least 3.0 and earn a minimum of 24 credits at the conclusion of the first year of undergraduate education.
  National Science and Mathematics Access to Retain Talent Grant (SMART) Enrollment Requirements
  3rd or 4th academic year undergraduate students must be pursuing a major in: computer science, mathematics, engineering, physical sciences, technology, life sciences, and designated foreign languages. (As determined by the Secretary of Education pursuant to regulations), have a cumulative GPA of at least 3.0 as a fulltime student.