Grants, by definition, are gifts of money to be used for a particular purpose. As it relates to financial assistance for higher education, grants are gifts of money from federal, state and institutional sources used to assist in financing the cost of a college education.
Awarded to full-time students based on financial need. Financial need is determined from information gathered from the Free Application for Federal Student Aid (FAFSA) in conjunction with the total cost of attending Augustana for a year (including an estimate for cost of books, transportation and personal expenses).
Family Allowance Grant
Award amount is $3,000. Students from families that have two or more children enrolled full-time at Augustana are given a $3000 family allowance in their financial assistance package. A student receiving $3000 or more in gift assistance from any other source (state, federal or Augustana aid programs) are not eligible for this award. The grant is not available for enrolled married couples or in the case of a parent and child enrolled at the same time. Students who have completed a degree program or have completed twelve terms of attendance are not eligible for this grant.
Illinois Monetary Award Program (MAP)
MAP Grants provide need-based assistance to Illinois residents who wish to attend an Illinois degree-granting college or university. Eligibility is based on financial need and determined by the FAFSA. Funding for the MAP Grant is limited, therefore submission of the FAFSA soon after January 1 preceding the academic year for which students are enrolling is highly recommended. Estimated maximum award for 2013-14 is $4,720.
Monetary Award Program Rights and Responsibilities
Federal Pell Grant
Awarded based on the greatest financial need as determined by FAFSA. Awards range from $582 to $5,645 for 2013-14.
Federal Supplemental Educational Opportunity Grant (SEOG)
Grant designed as a complement to the Federal Pell Grant. Amounts vary depending on availability of federal funding and financial need.
Federal Teacher Education Assistance for College and Higher Education Grant Program (TEACH)
Grant designed to encourage future teachers to teach high-need fields in designated low income schools. For more information visit www.teachgrant.ed.gov.