The federal government awards various types of grants to undergraduate students who demonstrate financial need and meet other criteria. Unlike loans, they do not have to be paid back. In all cases, the student must submit the FAFSA to help determine eligibility.
Federal Pell Grants are awarded to undergraduate students who qualify financially; the grant amount is based on the student's demonstrated financial need. Eligibility is based on a formula which is revised and approved by Congress annually. The student must submit the FAFSA to determine level of need.
Students who qualify for a Federal Pell Grant may also be eligible to receive a Federal SEOG Grant. The grant amount varies by student. Funds are very limited; each school is given an allotment which must be awarded to students with the greatest financial need. The student must submit the FAFSA to determine eligibility. Early submission of the FAFSA is recommended.
The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides $4,000 per year in grant funding for qualified students who intend to teach full-time in high-need subject areas for at least four years at schools that serve students who are from low-income families.
TEACH Grants first disbursed on or after October 1, 2013 and before October 1, 2014 are subject to a .89% reduction of the student’s calculated award. TEACH Grants first disbursed on or after October 1, 2014 and before October 1, 2015 are subject to a 7.30% reduction of the student’s calculated award. The award amounts reflecting the 7.30% reduction are listed below:
If students fail to complete the four-year teaching requirement within eight years of completing or ceasing their program of study, the grant reverts to an Unsubsidized Stafford Loan, and will need to be repaid with interest. The interest rate that will apply to a TEACH Grant that has been converted to a Direct Unsubsidized Loan will be the rate that was in effect for Direct Unsubsidized Loans on the date the TEACH Grant was first disbursed, with the interest charged from the date of each TEACH Grant disbursement.
Student Eligibility Requirements
To receive a TEACH Grant students must:
More information on the TEACH Grant Program can be found on the Department of Education Web site.
Students at Colorado Christian University may be eligible to receive Colorado’s College Opportunity Fund (COF) stipends to offset their cost of attendance. COF stipends are paid to eligible undergraduate students by the State of Colorado when they attend a participating institution of higher education.
The COF stipend is a per credit hour dollar amount that is determined by the Colorado State Legislature, and is subject to annual state funding availability. The 2014-2015 stipend amount is $38 per semester credit hour.
Eligible students who attend a private Colorado college or university must meet the following criteria:
Eligible students must submit the College Opportunity Fund stipend application on the College Assist Web site and will not be eligible for this stipend until this application is completed. The Colorado Opportunity Fund is considered a grant for students attending private institutions such as Colorado Christian University; therefore, it may replace a portion of other need-based aid or merit-based tuition awards. By law, the COF stipend at a private university is 50% of the stipend provided at a state institution. Any COF stipend received would be reflected as a tuition credit on the student's account.
Students at Colorado Christian University may be eligible to receive a Colorado State Opportunity Grant. This state grant is paid to eligible undergraduate students by the State of Colorado and is subject to annual state funding availability. The grant is need-based, and all eligible students must complete a FAFSA to determine financial need and CCU’s online Colorado Residency form. (Your CCU log in will be required to access this form.) The Colorado State Opportunity Grant is considered a grant for students attending private institutions such as Colorado Christian University; therefore, it may replace a portion of other need-based aid or merit-based tuition awards.