A Federal Pell Grant, unlike a loan, does not have to be repaid. Federal Pell Grants are awarded only to undergraduate students who have not earned a bachelor's or a professional degree. Federal Pell Grants are awarded to students who are eligible based on the results of the Free Application for Federal Student Aid (FAFSA). The amount you get will also depend on your status as a full-time or part-time student.
Recent changes in the law affect Federal Pell Grant awards for the 2012-2013 school year and beyond. This change limits the total number of years a student may receive a Pell Grant to the equivalent of six years (12 semesters).
The Federal Supplemental Educational Opportunity Grant (FSEOG) program is for undergraduates with exceptional financial need. Federal Pell Grant recipients with the lowest EFC will be considered first for a FSEOG. Just like the Federal Pell Grant, the FSEOG does not have to be repaid. Funding is very limited in the FSEOG program and is not guaranteed to students.
The Jack Kent Cooke Foundation Award recently awarded The University of Alabama a $1 million grant to develop a community college advising program to help low income students in the Black Belt and Appalachia transfer to and graduate from four year institutions. Building on this initiative, The University of Alabama proposes a new need-based financial aid program, Alabama's Promise, to compliment this important work. UA will award financial aid to community college transfers who meet the following criteria:
Students receiving financial support from Alabama's Promise will be expected to enroll in 12 hours required for the degree each semester and to remain in good academic standing. Qualifying students will receive $4,000 per academic year. Funding is limited and awarded based on admission and financial aid application date.
Students are encouraged to complete their FAFSA and transfer scholarship application prior to March 1st. Alabama Promise may not be combined with UA transfer scholarships.
The financial support will normally be provided for four semesters. On a case by case basis, students may receive financial support for two additional semesters if the plan of study requires more than 120 hours and the student is taking the required load and making progress toward the degree.