Federal Pell Grant
The Federal Pell Grant is funded by the federal government and does not have to be repaid. The Federal Pell Grant may only be awarded to undergraduate, degree-seeking students who have not already obtained a bachelor's degree. The award amount is based on a student's financial need as determined by the Free Application for Federal Student Aid (FAFSA) and enrollment status. Students' awards will be adjusted based on number of hours enrolled if less than full-time (12 hours). The U.S. Department of Education guarantees that eligible students will receive their awarded amount. Awards range from $568 to $5645. (This amount is tentative for the 2013-2014 award year. Amounts may change pending final Federal Budgetary legislation.)
The U.S. Department of Education has mandated a 600% eligibility limit on the Federal Pell Grant program. This limit is inclusive of your full financial aid history. Therefore, once you have reached the 600% limit as calculated by the U.S. Department of Education, you will no longer be eligible to receive funding from the Federal Pell Grant Program. You may however, still be eligible for other federal and state programs. Please check with your financial aid office for further information. There is no appeal process for this program legislation.
Federal Supplemental Educational Opportunity Grant (SEOG)
SEOG is a grant funded by the federal government for undergraduate, degree-seeking students with exceptional financial need. The amount of SEOG funds is limited. Priority is given to students who receive Federal Pell Grants, are in good academic standing, and meet LOC's priority deadline. A SEOG grant does not have to be repaid. The average SEOG award is $600 per academic year. There is no guarantee that every eligible student will be able to receive a SEOG award.
Tennessee State Assistance Award (TSAA)
The Tennessee Student Assistance Corporation (TSAC) provides a need-based grant program for undergraduate students attending eligible Tennessee institutions. Recipients must be U.S. citizens, meet Tennessee residency requirements for state student aid, be enrolled in a degree-seeking program, and meet TSAC's need requirements based on the FAFSA. Awards vary based on need and enrollment status. Funds are awarded on a "first-come-first-serve" basis.
Students may transfer their institution choice on the e*GRandS system by using the TSAC Student Financial Aid Portal. Students should go online at www.tn.gov/tsacstudentportal and create an account. Once the account is created, an online request for a change of institution may be submitted. The change will be processed immediately and can be viewed by the student. This portal also gives the student a view of their financial aid summary for any grant or scholarship that TSAC administers.