Financial Aid - Federal Financial Aid Programs

Carroll students may potentially access four Federal Student Financial Aid Programs. In general, to be eligible for assistance under these programs, a student must:

  • be a citizen or permanent resident of the United States,
  • have a high school diploma or its equivalent,
  • be enrolled or accepted for enrollment in an eligible program of study, and
  • be a degree or certificate candidate.  

Renewal application materials are required each year for all Federal Student Financial Aid Programs. The college does not currently participate in any of the Federal Student Loan Programs.

The Federal Pell Grant Program (PELL)

This program provides grants to eligible full-time and part-time undergraduate students with exceptional financial need. The maximum grant amount for the 2009-2010 academic year is $5,350. A student can apply for PELL by completing the Free Application for Federal Student Aid (FAFSA) .

Academic Competitiveness Grant (ACG)

This program is available to students in their first or second year of academic study if they are U.S. citizens who are enrolled full-time in an eligible degree program, PELL eligible, and who completed a rigorous high school program on or after Jan. 1, 2005. The award amount is based on the academic year of study. A student can apply for ACG by completing the Free Application for Federal Student Aid (FAFSA) . More information about the ACG can be obtained at studentaid.ed.gov .

The Federal Supplemental Educational Opportunity Grant Program (SEOG)

This program provides assistance to undergraduate students enrolled in at least three billable hours and who demonstrate financial need. Grants from this program range from $100 to $4,000 per year. Priority is given to PELL recipients. The Free Application for Federal Student Aid (FAFSA) is used as the application for this campus-based program.

The Federal Work-Study Program (FWS)

This program provides jobs for students who have financial need and who must earn a part of their educational expenses. The Free Application for Federal Student Aid (FAFSA) is used as the application for this campus-based program.