Central Connecticut State University

ACG and SMART Loans

 

When Congress reauthorized the FA legislation beginning July 1, 2006, they included two new programs of additional grant aid.  Both are discussed herewith in order to give you a brief understanding of each.

 ACG – This grant is available to a college student who is Pell eligible, a full-time student, a citizen of the United States; and enrolled in a two- or four-year degree-granting institution of higher education.  In addition to be eligible a student must not have previously enrolled in a program of undergraduate education (if a first-year student); have completed high school after January 1, 2006, if a first-year student; and have completed high school after January 1, 2005, if a second-year student.  The ACG allows up to $750 the first year and $1,300 the second year.

 The most obvious criteria for eligibility includes:  if the student has successfully completed “a rigorous secondary school program of study;”

Second –year recipients must also have attained a 3.0 GPA in the first year of undergraduate education.  The State of Connecticut has the option of submitting a rigorous secondary school program of study to the Secretary of Education for recognition.  It is the Secretary’s intention to recognize all existing Advanced or Honors diploma programs as rigorous secondary school programs of study.  Generally speaking, the secondary school programs must include four years of English, three years of math, three years of lab science, three-and-one-half years of social studies, and two years of language other than English. 

 SMART – Congress established that qualifying third- or fourth year students may receive up to $4,000 per year to pay for higher education, if the student majors in mathematics, science, or a critical foreign language.  The only additional requirement is a list of eligible majors in math, science, technology, engineering, and critical foreign languages congruent with the list published by the Department of Education.

 Basic eligibility requirements for this grant are the same as for the ACG;

i.e., be a full-time student, a U.S. Citizen, attend a four-year degree-granting institution of higher education, Pell eligible and maintain at least a 3.0 GPA.

 

 

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Last Update: Wednesday March 23, 2005