Grants are awarded from the government on the basis of financial need and are the largest source of financial aid. Grants are awards that you do not have to repay.
A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are only awarded to undergraduate students who have not earned a bachelor's or professional degree and who demonstrate significant financial need. For many students, Pell Grants provide a foundation of financial aid to which other aid may be added. To determine if you are eligible, the U.S. Department of Education uses a standard formula, established by Congress, to evaluate the information you report on the Free Application for Federal Student Aid (FAFSA). The formula produces an Expected Family Contribution (EFC). This number is used by the Office of Scholarship and Financial Aid to award Pell Grants, as well as other types of aid. How much you receive depends not only on your EFC, but on your cost of attendance, whether you are a full or part-time student, and whether you attend for the full academic year. Eligibility is limited to 18 semesters for students receiving Pell Grant for the first time in 2008.
The Federal SEOG grant is available for undergraduates with financial need and who are eligible for Federal Pell Grant. Annual awards are determined by MSUM. This grant is renewable on a “first-applied, first-awarded” basis to students who meet the February 15 priority date. This grant is limited to students who have not received a baccalaureate degree and who continue to demonstrate exceptional financial need.
The new Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides up to $4,000 per year in grants for graduate and undergraduate students who intend to teach full-time in high-need subject areas for at least four years at a school(s) that serve students from low-income families.To be considered for a TEACH grant, you must be formally admitted to one of the following TEACH Grant-eligible programs of study at Minnesota State University Moorhead (MSUM):
Be formally admitted into a Teacher Education Program that is designated as a high-need program in the state you plan to teach and is listed on the Department of Education’s Annual Teacher Shortage Area Nationwide Listing located at www.ed.gov/about/offices/list/ope/pol/tsa.doc.
If you fail to complete the 4-year teaching obligation within 8 years of completing or ceasing your program of study, your grant will convert to an unsubsidized loan which will have to be repaid with interest accrued from the date the grant funds were first disbursed.
If you are selected to receive a TEACH Grant, EACH year you will need to:
Download the application form or contact the MSUM Office of Scholarship and Financial Aid at 1.800.593.7246 or 218.477.2251.