Federal Pell Grant
Pell Grants are awarded to undergraduate students who have not
earned a bachelor's or a professional degree. Pell Grants are considered
a foundation of federal financial aid, to which aid from other federal
and nonfederal sources might be added.
The maximum Pell Grant award for the 2008-09 award
year (July 1, 2008 to June 30, 2009) is $4,731. The maximum can change
each award year and depends on program funding. The amount you get,
though, will depend not only on your financial need calculated by filing
the (FAFSA) Free Application for Federal Student Aid, but also on your
costs to attend school, your status as a full-time or part-time student,
and your plans to attend school for a full academic year or less.
Currently, 29% of Monmouth College students qualify
for and receive funding through the Federal Pell Grant.
Federal SEOG Grant
The Federal Supplemental Educational Opportunity Grant (FSEOG)
program is for undergraduates with exceptional financial need. Pell
Grant recipients with the lowest expected family contributions (EFCs)
will be considered first for a FSEOG.
Federal Academic Competitiveness Grant
The Academic Competitiveness Grant was made available for the first
time for the 2006-2007 school year to first year college students who
graduated from high school after January 1, 2006, and to second year
college students who graduated from high school after January 1, 2005.
An Academic Competitiveness Grant will provide up to $750 for the first
year of undergraduate study and up to $1,300 for the second year of
undergraduate study to full-time students who are eligible for a Federal
Pell Grant and who had successfully completed a rigorous high school
program, as determined by the state or local education agency and
recognized by the Secretary of Education. Second year students must
maintain a cumulative grade point average (GPA) of at least 3.0.
Federal SMART Grant
The National Science and Mathematics Access to Retain Talent Grant,
also known as the National Smart Grant can provide up to $4,000 for each of the
third and fourth years of undergraduate study to full-time students who
are eligible for the Federal Pell Grant and who are majoring in
physical, life, or computer sciences, mathematics, technology, or
engineering or in a foreign language determined critical to national
security. The student must also be enrolled in the courses necessary to
complete the degree program and to fulfill the requirements of the
intended eligible major in addition to maintaining a cumulative grade
point average (GPA) of at least 3.0 in coursework required for the
major.
Federal TEACH Grant
The first TEACH Grants will be awarded to eligible students for the
2008-2009 school year. (Application)
In exchange for receiving a TEACH Grant, a student
must agree to serve as a full-time teacher in a high-need field in a
public or private elementary or secondary school that serves low-income
students and must teach for at least four academic years within eight
calendar years of completing the program of study for which you received
a TEACH Grant. IMPORTANT: If a student fails to complete this service
obligation, all amounts of TEACH Grants that you received will be
converted to a Federal Direct Unsubsidized Stafford Loan. For more
detailed information, please visit:
TEACH Grant Program
State of Illinois (MAP) Monetary Award Program
Grant
The Monetary Award Program (MAP) provides
grants to Illinois residents who attend approved Illinois colleges and
demonstrate financial need, based on the information provided on the
Free Application for Federal Student Aid (FAFSA). You are not required
to submit high school grades or test scores when applying for a MAP
grant.
Currently, 41% of Monmouth College students qualify
for and receive funding through the Illinois MAP Grant program.
Silas Purnell (IIA) Illinois Incentive for
Access Grant
If the information you provided on your Free Application for Federal
Student Aid (FAFSA) results in a calculated zero expected family
contribution (EFC) when you're a college freshman, you may be eligible
to receive the Silas Purnell Illinois Incentive for Access (IIA) Program
grant for up to $500.
Monmouth College Grants
In addition to the state or federally funded grant programs,
Monmouth College offers millions of dollars of grant funding to our
students each year. The amount of the grants vary from student to
student and are based on a student’s entire academic and financial
profile. Currently, 99% of our students receive grants from the college.
