Grants do not have to be repaid.
There are three types of grants:
Federal Pell Grants
The Federal Pell Grant is a federal Title IV grant program to help undergraduates pay for educational costs after high school. For many students, these grants provide a foundation of financial aid to which aid from other Federal and non-Federal sources may be added. Unlike loans, a Pell Grant does not have to be repaid. In order to receive a Federal Pell Grant a student must be enrolled in an eligible certificate or degree program as outlined in EAC's college catalog. The amount of the award is based upon the Expected Family Contribution (EFC), the cost of attendance, enrollment status, and a payment schedule issued by the U.S. Department of Education. The award may range from $0 to $5,815 per academic year (2016-17). The award schedule may be adjusted pending Congressional budget authorizations. Pell Grants are prorated based on credit hours of enrollment: 12 is full time, 9 – 11 is 3/4 time, 6 - 8 is 1/2 time and <5 is less than half time.
Eligibility for a summer Pell Grants will be based on unused funds from fall and spring semesters. If a student attended fall semester at ½ times and spring at full time; a 1/2 time Pell Grant is available for summer. If a student attended fall at 3/4 time and spring at full time only 1/4 time Pell Grant is available for summer. A summer Pell Grant is prorated based on the number of instructional weeks in the semester (10). If a student's Pell Grant in fall is $2907 and he attends summer at 3/4 time the Pell Grant is prorated at 59%; ($2907 x .75 = $2180 x .59 = $1286).
Federal Supplemental Educational Opportunity Grants (FSEOG)
FSEOG is a Title IV grant program which provides additional funds from the Federal Government to exceptionally needy students. This grant must be combined with other forms of aid (Pell Grant), and is also non repayable. A grant may range from $200 to $2000 per academic year. Generally an award of $800 is given for an academic year to student with the lowest family contribution as determined by the FAFSA. These funds are limited and awarded to eligible students who meet the priority service deadline date, then to others.
Leveraging Educational Assistance Partnership Program (LEAP)
LEAP is a federal grant program matched by the State of Arizona. Only Arizona residents are eligible. The award may range from $100 to $2000 per academic year. Generally an award of $800 is given for an academic year to student with the lowest family contribution as determined by the FAFSA. These funds are limited and awarded to eligible students who meet the priority service deadline, then to others.