FINANCIAL AID

FEDERAL PELL GRANT AND FSEOG

FEDERAL PELL GRANT

Students must annually complete the Free Application for Federal Student Aid (FAFSA) to apply for all federal financial aid programs. This includes the need based Federal Pell Grant Program.

Pell:

Federal Pell Grants usually are awarded only to undergraduate students who display exceptional financial need and have not earned a bachelor's, graduate, or professional degree.

Award Amounts
Award amounts can change yearly.

2023–24 Award Year
The maximum Federal Pell Grant award is $7,395 for the 2023–24 award year (July 1, 2023, to June 30, 2024).

2024–25 Award Year
The maximum Federal Pell Grant award is $7,395 for the 2024–25 award year (July 1, 2024, to June 30, 2025).

The amount you get, though, will depend on

• your Expected Family Contribution (2023-24 FAFSA form) or your Student Aid Index (2024-25 FAFSA form),
• the cost of attendance (determined by your school for your specific program),
• your status as a full-time or part-time student, and
• your plans to attend school for a full academic year or less.

In certain situations, an eligible student can receive up to 150 percent of his or her scheduled Pell Grant award for an award year.

For example, if you are eligible for a $2,000 Pell Grant for the award year and are enrolled full-time for both the fall term and spring term, you’ll likely receive $1,000 in the fall and $1,000 in the spring. However, under certain circumstances, you may be eligible to receive up to an additional $1,000 for attendance in an additional term within that award year (resulting in your receiving 150% of your original award). You might hear this situation being referred to as “year-round Pell.” For details, contact your school’s financial aid office.

Source: Federal Pell Grants

SEOG:
The Federal Supplemental Educational Opportunity Grant (FSEOG) can be awarded for each term of the academic year. This grant is for students with a very high need factor.

FSEOG funds are limited and are awarded based on exceptional financial need to Pell Grant recipients on a first-come, first-served basis. Early application for financial aid is necessary to be considered for these funds.

Award Amounts: $750 ($375 Fall/$375 Spring)

Key concepts and definitions

The first critical concept revolves around the definition of an academic year.

For purposes of federal financial aid programs at New River Community College, an academic year is a period of time (normally a minimum of 30 weeks or fall plus spring semester) during which a full-time undergraduate student is expected to complete a minimum of 24 credit hours. Annual grant limits are tied to the completion of an academic year.

Award year refers to the specific enrollment period. The “normal” award year at NRCC is the fall and spring semesters (currently the 2020-2021 year). Award years run from July 1 to June 30.

A “Cross -Over Payment Period” is any period that includes both June 30 and July 1. For the purposes of federal financial aid programs, this period must be assigned to a specific financial aid award year. These years begin each July 1.

FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG)

The Federal Pell Grant and the Federal Supplemental Educational Opportunity Grant are need based grants which do not have to be repaid.

1. The grant amounts are awarded and divided as indicated in the student’s award available on the Student Information System.
2. The Federal Supplemental Educational Opportunity Grant (FSEOG) can be awarded for each term of the academic year. This grant is for students with a very high need factor.
3. FSEOG funds are limited and are awarded based on exceptional financial need to Pell Grant recipients on a first-come, first-served basis. Early application for financial aid is necessary to be considered for these funds.

Non-Discrimination Statement:
This College promotes and maintains educational opportunities without regard to race, color, national origin, religion, disability, sex, sexual orientation, gender identity, ethnicity, marital status, pregnancy, childbirth or related medical conditions including lactation, age (except when age is a bona fide occupational qualification), veteran status, or other non-merit factors.

The following person has been designated to handle inquiries regarding the college’s non-discrimination policies: Dr. Mark C. Rowh, Vice President for Workforce Development and External Relations and Equal Opportunity Officer, 217 Edwards Hall, 540-674-3600, ext. 4241. Inquiries concerning Title IX (sexual harassment, sexual assault/domestic violence/dating violence, and stalking) may be directed to Dr. Deborah Kennedy, Dean of Student Services, 268 Rooker Hall, 540-674-3690. or, Deputy Title IX Coordinator, Mr. John Bowler, Academic Advisor for the Center of Disability Services, 115 Christiansburg site, 540-674-3600, ext. 4418. Inquiries concerning ADA and Section 504 may be directed to Ms. Lucy Howlett, Coordinator of the Center for Disability Services, Advising Center, 275 Rooker Hall, V/TTY 540-674-3619.