Grants are considered "gift aid" and therefore do not need to be repaid. They are intended to assist students who have not yet earned or met the requirements for a first bachelor's degree (with the exception of the TEACH Grant) and who are attending school at least part time.
A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor's or a professional degree. (In some cases, however, a student enrolled in a post-baccalaureate teacher certification program might receive a Pell Grant.) Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added.
Federal Supplemental Educational Opportunity Grants (FSEOG) are for undergraduates with exceptional financial need. Pell Grant recipients with the lowest EFCs will be the first to get FSEOGs. Just like Pell Grants, FSEOGs don't have to be paid back.
Prairie View A&M University has committed 100% of its available resources to cover fall and spring mandatory in-state tuition and fees for undergraduate Texas residents who have an annual family income of $60,000 or less. This commitment will begin in fall 2010 and is known as the "Panther Promise."
The Panther Promise is designed to reassure academically talented students from low- and middle-income families in Texas who may not feel that a university education is possible. The Panther Promise will expand upon an already robust aid program that awards more than $110 million dollars in student financial assistance.
Students who apply for financial aid after March 15 and meet the aforementioned conditions, will be awarded grant assistance on the basis of available funds. Students may be eligible for additional funds through loans and the Federal Work-Study program to cover additional educational expenses such as textbooks, lab fees, as well as, room and board.
Students who do not meet the economic qualifications for the Panther Promise may instead qualify for other grant and scholarship programs at Prairie View A&M University that are based on academic performance. Please review our Scholarship web page, http://www.pvamu.edu/scholarships, for more details about these funding opportunities.
Through the College Cost Reduction and Access Act of 2007, Congress created the Teacher Education Assistance for College and Higher Education (TEACH) Grant Program that provides grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. If, after reading all of the information on this fact sheet, you are interested in learning more about the TEACH Grant Program, you should contact the financial aid office at the college where you will be enrolled starting with the 2012-2013 school year.
TEACH Grants will be awarded to eligible students for the 2012-2013 school year.
In exchange for receiving a TEACH Grant, you 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 (see below for more information on high-need fields and schools serving low-income students). As a recipient of a TEACH Grant, you 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 you fail to complete this service obligation, all amounts of the TEACH Grants that you received will be converted to a Federal Direct Unsubsidized Stafford Loan. You must then repay this loan to the U.S. Department of Education. You will be charged interest from the date the grant(s) was disbursed.
Student Eligibility Requirements
To receive a TEACH Grant you must:
High-need fields are the specific subject areas identified below:
Schools Serving Low-Income Students
Schools serving low-income students include any elementary or secondary school that is listed in the Department of Education's Annual Directory of Designated Low-Income Schools for Teacher Cancellation Benefits at https://www.tcli.ed.gov/CBSWebApp/tcli/TCLIPubSchoolSearch.jsp.
TEACH Grant Agreement to Serve
Each year you receive a TEACH Grant, you must sign a TEACH Grant Agreement to Serve that will be available electronically on a Department of Education Web site. The TEACH Grant Agreement to Serve specifies the conditions under which the grant will be awarded, the teaching service requirements, and includes an acknowledgment by you that you understand that if you do not meet the teaching service requirements you must repay the grant as a Federal Direct Unsubsidized Loan, with interest accrued from the date the grant funds were disbursed. Specifically, the TEACH Grant Agreement to Serve will provide that –
Additional Guidance and Implementing Regulations The Department of Education will publish regulations to implement the TEACH Grant Program after providing an opportunity for public comment in accordance with legal requirements.
If you receive a TEACH Grant but do not complete the required teaching service, as explained above, you will be required to repay the grants as a Federal Direct Unsubsidized Stafford Loan, with interest charged from the date of each TEACH Grant disbursement.
The TEXAS Grant is a state grant program available to Texas residents who graduated from a Texas high school no earlier than fall 1998. Recipients must have also completed the recommended or advanced high school curriculum or its equivalent. Need must be established by filing the FAFSA.
TPEG is for undergraduates with exceptional financial need. Pell Grant recipients with the lowest EFCs will be the first to get the Texas Public Education Grant. Just like Pell Grants and FSEOG, TPEG does not have to be paid back.