Funding college can be incredibly expensive, especially when you take into consideration the fact that fees and costs are rising every year. Indeed, after purchasing a house, education is the second-priciest expense that Americans. Unfortunately, this can deter students from low-income families from attending college. However, the government recognizes this issue and has made several endeavors to make college more affordable for these students.
The Academic Competitiveness Grant is a merit-based grant that is awarded to first- and second-year students who receive a federal Pell grant, did exceptionally well at a high school and had a high school education that the U.S. Department of education recognizes as ‘rigorous’.
In order to apply for an academic competitiveness grant, students are required to complete a FAFSA (Free Application for Federal Student Aid). This form can be completed online, over the phone or by post.
During their first year, students receiving an academic competitiveness grant can expect to receive up to $750. And in their second year they may receive up to £1300. As a grant is a gift of money students to do not have to pay it back, this makes the academic competitiveness grant a valuable financial resource.
Things to Consider
- Good high school grades are not enough to secure your academic competitiveness grant in second year. In order to receive the grant in your second year of college, students need achieve a cumulative GPA of at least 3.0.
- To be eligible for an academic competitiveness grant, you need to make sure that you have completed (and excelled in) what is termed a ‘rigorous education’. Among other criterion, a rigorous education comprises of an education where students study a language for at least a year, study science for at least three years and learn English for four years or more.