Different from a loan, a grant is a need-based award that you don’t have to repay as long as you meet the award criteria. Grants are typically funded by the federal and state governments, PC and private donors.
Federal Pell Grants provide awards from $672 to $6,495 per year. The actual amount you receive depends on your estimated family contribution (how much you or your family is expected to pay for your education), your status as a student (whether you’re going to school full-time or part-time), and whether you attend school for the full academic year.
This grant is for students showing exceptional financial need, and students who receive Federal Pell Grants are given priority. Awards range from $100 to $4,000 per year and depend on several factors, including when you apply for the grant and your level of need.
The TEACH Grant provides funds to college students who are completing or plan to complete coursework needed to begin a teaching career. These students also agree to serve for at least four years as full-time, highly qualified teachers in a high-need field in a school serving low-income students. Eligible full-time students may receive $4,000 per year (and a maximum of $16,000) for undergraduate study.
In April 2020, the federal government announced a plan to provide funding to colleges and universities to assist students impacted by the COVID-19 pandemic. Presbyterian College signed and returned to the U.S. Department of Education the Certification and Agreement to provide Emergency Financial Aid Grants to students.
South Carolina residents attending a designated independent, non-profit college within the state may qualify for this grant. Further eligibility and grant amount depend on your family resources, academic record, the cost of the college you will attend, and final legislative funding.
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