Academic Competitiveness Grants 2023 | Who Qualifies For Student Grants?

Are you planning to go to high school but you are tense due to a lack of financial funding? Don’t give-up for the help you need is at hand. There are varieties of of financial grants and loans that are available to indigent college-going students in the present days, many thanks to the advancement of education by willing organizations who provides these grants. Some of the most famous loan options includes the Perkins Loans as well as Stafford Federal Loans. There are also thousands of other financial grants that you can utilize such as the Federal Pell Grant as well as the “allied” Academic Competitiveness Grants. Read on for every detail about Academic Competitiveness grants, how to qualify for one and how to apply to get them…

Academic Competitiveness Grants, Who Provides Them?

The federal government provides students with the chance to obtain the college funds that they need to complete their high-school studies through the Academic Competitiveness Grant (in short ACG). This grant may be given in combination with the Pell Grants.
However Unlike the Pell Grants, the ACG are usually offered on the consideration of performance-based selection. It is Created for those students who are already enrolled in the first or second year of their college studies. Application is Available for all students who wish to apply to gain these grants. Students are to submit a Free Application to get Financial Student Aid at the www.fafsa.ed.gov.

What Financial Benefits Do Students Stand to Gain From Academic Competitive Grants

For an undergraduate student,the Academic Competitive Grant ACG is an excellent beneficial scheme whereby they can get paid a maximum amount of up to $ 750 (to fund for their first year studies) and a maximum of About $ 1,300 (to fund for their second year academic studies). The actual grant to be awarded and the money sanctioned relies on the fact being that the Academic Competitiveness Grant in combination with Pell Grant money Will NOT go beyond the set actual cost of attending and joining the program. Check How to Become A Well-paid Research Scientist

Who is Eligible to Get Academic Competitiveness Grants

We know right now you must be really wondering about the criteria and eligibility levels which makes you fit to gain the Academic Competitiveness Grants;

• The prerequisite requirement to gain ACG is that you are expected to have secured the Federal Pell Grant. These grants are usually only available for the US citizens or some specified country students/non-citizens.
• Another vital consideration to be able to secure the Academic Competitiveness Grant is that you are expected to be enrolled in a program, not less than a part-time /half-time studentship.
• This grant is open to both first and second year level students who are already enrolled in an undergraduate program. If you are a 2nd year applicant, you are expected to have secured an average of 3.0 GPA ( on a 4.0 scale) in your 1st year level studies.
• Those students who are pursuing a one-year certificate program which is a sector of a degree program (of 2 or 4 years) are also eligible to apply for these Academic Competitiveness Grants.As in the case of any college grant, it is a crucial that you begin the application process for the Academic Competitiveness Grant as early as possible. Be prepared for other source of funding because if too many students to apply to them, then the total grant money slotted to be disbursed for that academic year may sadly exceed the amount budgeted for that year. In many cases, it may call for a smaller share of the pie, grants and loans for the individual applicant.

Are There Any Other Grant Options Apart from Academic Competitive Grants?

Yes! They are many grants available for students. Apart from the Academic Competitiveness Grants, we have the National Science as well as the Mathematics Access to Retain Talent Grants, even the National Smart Grant . These grants Are available to students who are currently enrolled in an undergraduate studies. They must be in their third or fourth year of undergraduate studies ( they may even be in their fifth year – depending on their fields if applicable) majoring in the areas of engineering, in mathematics, Fields in technology, the area of physical life or computer sciences, foreign language (critical languages) or other non-major liberal art programs. You may like Barbizon College Tuition Scholarship 2023| Modeling and Acting Scholarships

Just like the Academic Competitiveness Grants, the National Smart Grant can be awarded to part/half students who are also pursuing their degree programs, they can also be fit for the Federal Pell Grant. You can be awarded up to $4,000 each for your third and fourth year level studies if you are lucky to get the National Smart Grant.
The eligibility criteria to be able to gain the National Smart Grant are also so much like that of the Academic Competitiveness Grants.Starting from being a US citizen or a fit non-citizen , to getting the Pell Grant concurrently, the grant is open to both first and second year level students who are already enrolled in an undergraduate program. If you are a 2nd year applicant, you are expected to have secured an average of 3.0 GPA ( on a 4.0 scale) in your 1st year level studies.

The Federal Pell Grants, the Academic Competitiveness Grants as well as the National Smart Grants when utilized by serious, committed and dedicated students are highly useful. So if you have the commitment and the drive to get your higher education, do not give an excuse of non-availability of funds, do not let money deter you from achieving your dream.

Who Qualifies For Student Grants?

Students who show the most financial need are Fit to get the available grants federal funding. For example, most of the Pell Grant are awarded to students whose family incomes are less than $20,000 a year.

How to Apply For Academic Competitiveness Grants

This program is not included in the coverage which is tagged under
The OMB Circular Number A-102. This program is not included in the coverage under OMB Circular Number A-110. Student are expected to complete a “Free Application for this Federal Student Aid” and submit the completely filled forms to the
agency which is specified on the application form. Students may
also apply using the paper application, or using an electronic application, the best method might just be via the Internet. The Department of
Education will check the student’s eligibility and fitness for the
assistance and the agency to which the student sent in the online application returns a notification to the student of his or her fitness for the financial aid/assistance.
The student will now submit the notification to the chosen
institution of his or her choice in order to have his or her award well calculated.

Award Procedure for Academic Competitiveness Grants

The Institutions act as giving out agents for the Department of Education. The institution that the
applicant attends are responsible for the calculation and disbursement of the
Academic Competitiveness Grants, using a set payment schedule which is developed by the Department
of Education, the schedule also determines the amount of the
award based on the amount of available grant
and the estimated No. of recipients of the awards. As for the specific Deadlines, students are to Contact their headquarters or their regional office, as
appropriate, for the academic Competitiveness application deadlines.

• Students who have already rounded-up the FAFSA application process will be expected to go back to http://www.fafsa.ed.gov/ , and search under the STEP 3. They are to select the option: “ Make Corrections to a Processed FAFSA. ”
• They will be navigated to a page were they will answer a few more questions that will determine if they meet the set standards of stressful secondary course work_ as it is a requirement to be able to receive the Academic Competitiveness Grants. If you have not yet rounded-up a FAFSA application process, you will have to visit http://www.fafsa.ed.gov/ , and search under the STEP 2. Option.
• Select the option which says “ Fill out a FAFSA .” _ note this is Part of the FAFSA process and it serves as a determinant to check if you meet the standards of the stressful secondary course work which is also a set requirement to be able to receive Academic Competitiveness Grants.

Conclusion

There are varieties of financial grants and loans that are open to indigent college-going students in the present days, many thanks to the advancement of education by willing organizations who offer these grants. We also advise you to be prepared for other source of funding because if too many students should apply to them, then the total grant money slotted to be disbursed for that academic year may sadly exceed the amount budgeted for that year. In many cases, it may call for a smaller share of the pie, grants and loans for the individual applicant. Which ever way, we wish you success in your academic pursuit!

Frequently Asked Question About Academic Competitiveness Grants

Reference

• https://www.financialaidfinder.com/financial-aid/financial-aid-programs/major-aid-programs/academic-competitiveness-grant/
• https://www.standingwithyou.org/resource/academic-competitiveness-grant/
• https://en.m.wikipedia.org/wiki/Academic_Competitiveness_Grant
• https://tuitionchart.com/college/academic-competitiveness-grants/