Grants

Grants may be awarded if you show financial need based on the Free Application for Federal Student Aid (FAFSA). The grants listed here are administered by Valencia based on the guidelines set for each program by the provider.

Federal Pell Grant
This is a need–based federal grant program for students who are seeking their first undergraduate degree and whose Estimated Family Contribution (EFC) is below 4110. The annual award amount is determined by your EFC and enrollment status and may range from $400 to $4,310. Students who establish eligibility will be funded. All documents needed to establish eligibility must be received prior to your last day of enrollment, or June 30, 2008, whichever comes first. Initial awards are estimated based on the results of the FAFSA and are based on a full time enrollment calculation. Estimates will change if any criteria used to determine your eligibility, such as major, degree status, satisfactory progress, and income or family information changes. You may receive coverage only for courses that are required for your program of study and a maximum of 30 credit hours of required college–preparatory coursework. Actual payment will not be determined until after the 100% refund deadline and class attendance has been confirmed. Students registered for Flex Start classes will not receive financial aid payment until their last class has begun. Flex Start classes added to schedule after financial aid payment is made will not be considered for financial aid payment. The amount actually paid to you from the Federal Pell Grant will be prorated if you enroll for less than 12 credit hours in a given term or if you take courses outside your program of study. You must begin attending all of your classes on the first day. If you are withdrawn for non–attendance prior to the actual payment of Pell Grant funds, your eligibility could be cancelled. Federal Pell Grant awards may be used for the equivalent of 2 full time semesters each year. This means if you are full time in fall and spring terms, you will not have funding available for summer. Part time students may use their remaining eligibility in the summer term.

Federal Supplemental Educational Opportunity Grant (FSEOG)
This is a need–based federal grant awarded to undergraduates seeking a first undergraduate degree in an eligible program who have exceptional financial need. The award amount at Valencia is up to $500 per term. Priority is given to students with an Estimated Family Contribution (EFC) of "0" who apply for financial aid early. You must enroll for a minimum of 6 credit hours to qualify. Limited funding is available in this program and funding is awarded on a first come–first served basis. Recipients are chosen based on EFC and application date, and funds are usually not available to late applicants. Initial awards are estimated based on the results of the FAFSA and assume a full time enrollment. Estimates may change if any criteria used to determine your eligibility, such as major, degree status, satisfactory progress, and income or family contribution changes. Actual payment will not be determined until after the add/drop period has ended and classes have begun. The amount actually paid to you from the FSEOG will be prorated if you enroll for less than 12 credit hours in a given term. You must attend all of your classes on the first day of each term. If you are withdrawn for non–attendance prior to the actual payment of FSEOG funds, payment for the withdrawn class(es) will not be made.

Academic Competitiveness Grant (ACG)
This is a need-based federal grant program for students who are U.S. citizens and enrolled in the first and second year of an undergraduate degree program. Students must be a Pell Grant recipient within the same award year and attend full-time.
Students must have completed a “rigorous” secondary school program of study, as determined by the state or local education agency and recognized by the Secretary of Education.
An eligible student may receive an Academic Competitiveness Grant (ACG Grant) of up to $750 for the first academic year of study and up to $1,300 for the second academic year of study. To be eligible for each academic year, a student must:

• Be a U.S. citizen;
• Be a Federal Pell Grant recipient;
• Be enrolled full-time in a degree program;
• Be enrolled in the first or second academic year of his or her program of study at a two-year or four-year degree-granting institution;
• Have completed a rigorous secondary school program of study (after January 1, 2006, if a first-year student, and after January 1, 2005, if a second-year student);
• If a first-year student, not have been previously enrolled in an undergraduate program; and
• If a second-year student, have at least a cumulative 3.0 grade point average on a 4.0 scale for the first academic year.

Note that the amount of the ACG Grant, when combined with a Pell Grant, may not exceed the student's cost of attendance. The amount actually paid from the Academic Competitiveness Grant will be cancelled if enrolled for less than 12 credit hours in a given term or in courses outside the program of study. Attendance must begin in all classes on the first day. If withdrawn for non–attendance prior to the actual payment of Academic Competitiveness Grant funds, eligibility could be cancelled.

Florida Student Assistance Grant (FSAG)
FSAG is a need–based program for students who meet Florida
residency requirements. To qualify, you must be seeking your first undergraduate degree, be enrolled in an AA or AS degree program, must also qualify for a Federal Pell Grant and must enroll for a minimum of 6 credit hours. The award amount at Valencia varies up to a maximum of $1500 per year. Priority is given to qualified renewal students and full–time students with high unmet financial need that apply for financial aid early. Limited funding is available in this program and funding is awarded on a first come–first served basis. Recipients are chosen based on EFC and application date, and funds are usually not available to late applicants. Initial awards are estimated based on the results of the FAFSA. Estimates will change if any criteria used to determine your eligibility, such as residency, major, degree status, satisfactory progress, income or family information changes. Actual payment will not be determined until after the add/drop period has ended and classes have begun. The amount actually paid to you from the FSAG will be prorated if you enroll for less than 12 credit hours in a given term. You must attend all of your classes on the first day of each term. If you are withdrawn for non–attendance prior to the actual payment of FSAG funds, payment for the withdrawn class(es) will not be made. FSAG is available for fall and spring terms only. For additional details and regulations, visit floridastudentfinancialaid.org.

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