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Federally-Funded Financial Aid ProgramsACM participates in the following federally-funded financial aid programs:
Pell GrantProvides funds for eligible students of up to $5350 for each undergraduate year. Students may receive funds for full-time or part-time enrollment. Pell Grant funds do not have to be repaid. Determination of actual Pell Grant award will be made by the Federal Government's Department of Education as a result of completing the FAFSA. REQUIREMENTS: Show financial need as determined by the U.S. Department of Education; be enrolled as a regular degree-seeking student; be a citizen or a permanent resident of the U.S.; be an undergraduate student. APPLICATION: Submit the Free Application for Federal Student Aid (FAFSA) and the ACM Financial Aid Application. FAFSA School Code is 002057. DEADLINE: Apply in January of the year that school entry is planned.
Supplemental Educational Opportunity Grant (FSEOG)Provides grant assistance from $100 to $4,000 per academic year of undergraduate study. FSEOG funds do not have to be repaid. REQUIREMENTS: Show exceptional financial need with priority given to Federal Pell Grant recipients; must be a U.S. citizen or permanent resident of the U.S.; must be an undergraduate student. APPLICATION: Submit the Free Application for Federal Student Aid (FAFSA) and the ACM Financial Aid Application. FAFSA School Code is 002057. DEADLINE: Apply in early January of year that school entry is planned. Academic Competitiveness Grant (ACG)Provides grant assistance up to $750 for eligible students in their first academic year and up to $1300 in their second academic year. To continue to the second academic year award, students must have completed 28 credits and earned a GPA of 3.0 or higher. ACG funds do not have to be repaid. REQUIREMENTS: Students must be eligible for a Federal Pell Grant; be a U.S. Citizen or an eligible non-citizen (New beginning July 1, 2009); be enrolled at least 6 credit hours per semester (New beginning July 1, 2009); and be enrolled in an associate degree or certificate program (New beginning July 1, 2009). Students must also complete a rigorous high school program as defined by the Department of Education. Students completing only the GED program are not eligible. The ACG award will be prorated for students enrolling from 6 to 11 credits. APPLICATION: Submit the Free Application for Federal Student Aid (FAFSA) and the ACM Financial Aid Application. FAFSA School Code is 002057. Students must also have an official high school transcript on file in the Admissions Office. DEADLINE: Apply in January of the year that school entry is planned.
Federal Work-Study (FWS)Provides part-time employment for students with financial need. The rate of pay is currently $7.25 per hour. Students employed in our America Reads program receive $8.25 per hour. Work an hour for an hour's pay. REQUIREMENTS: Show financial need and sufficient academic excellence to hold a work-study job. APPLICATION: Submit the Free Application for Federal Student Aid (FAFSA) and the ACM Financial Aid Application. FAFSA School Code is 002057. DEADLINE: Apply in early January of year that school entry is planned.
Federal Direct Loan ProgramProvides low interest loans that enable students to borrow up to $5,500 at the freshman level, $6,500 at the sophomore level, and $7,500 at the junior and senior undergraduate level; Cumulative limits - $31,500 for dependent undergraduates and $57,500 for independent undergraduates with no more than $23,000 in subsidized loans. Click here to view detailed loan limit information. There are two types of Federal Direct Loans:
Click here to proceed to the Student Loan Application Process.
Federal Direct PLUS Loans (Loans for Parents)
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