The National Science and Mathematics Access to Retain Talent (SMART) Grant picks up where the Academic Competitiveness Grant leaves off—providing funding for low-income third and fourth year college students. Eligible students must be Pell Grant recipients, academically talented and majoring in STEM fields or  high need foreign languages.  SMART Grant annual maximums are up to $4000 per qualified student.
Your school will notify you if you must repay part of the grant. From that point, you will have 45 days to either pay that portion of the grant back in full or enter into a satisfactory repayment arrangement. If you enter into a satisfactory repayment arrangement, the school may assign the debt to ED for collection or may keep the debt and allow you to make payments directly to them.

The traditional model of a college-bound student is beginning to change. While the majority of college students are still newly minted high school graduates, more and more adult learners are headed to colleges and universities across the country. Some may be returning to school to finish degrees that were interrupted by work and family commitments, while others may be attending college for the first time for training courses to help them achieve greater success in the national workforce. Non-traditional students include single parents, displaced workers, returning military veterans and adults seeking new career opportunities.
Filing your FAFSA gets the ball rolling on lots of financial aid opportunities, but additional grants are available that might require separate applications.  Your state and other grant foundations put forth narrowly defined student gift aid every year.  Your location, ethnic background, and even your parents’ employer could lead you to the college grant funding you need.

Any successful grant search begins with knowing yourself, your status as a student and your academic interests. This will help you narrow your focus, and will allow you to eliminate those grant programs for which you are not eligible. Remember, there are need-based grants, merit-based grants and career specific grants, and the first step is understanding the type of program you’re looking for. For example, if you are an Hispanic woman going to college to become an accountant, you will want to search for grant programs that are dedicated to Latin-American female students enrolled in business and accounting studies.
Loan programs – Such programs need to be paid back but offer help with low interest rates.  The Stafford Guaranteed Loan offers up to $6,625 per year.  The Perkins Loan program offers up to $3,000 and $5,000 a year for undergraduate and graduate students respectively. These loan programs come at very low interest rates so it is highly recommended you apply for them if you need the money for your education. The updated 2015-2016 fixed interest rate on these loans for undergrads is 4.29%; and the combined borrowing totals for direct loans can be up to $12,500 per year depending on your school year and degree.
Many grants dedicated to specific career paths are, in fact, award-for-service programs. These programs perform two functions; they give much needed financial aid to talented students pursuing careers in high need fields, and they help to secure and retain talented professionals in communities that are experiencing critical manpower shortages. Students entering into a grant-for-service program should understand that they are agreeing to a binding contract, and will be obligated to fulfill all the of the particulars of that contract. Students who fail to meet their award-for-service obligations will find that their grants will revert to standard student loans, and they will be expected to repay all monies received plus interest.
Students searching for non-government funded college grants should begin by combining their status as a student (undergraduate or graduate), their field of interest and their personal background (minority status, gender, etc). Many grant programs can be found with a focused search of the internet, or through the financial aid offices of colleges and universities. This can be time consuming, but the rewards can be substantial.
The Federal TEACH Grant – The TEACH Grant is an example of an award-for-service program. The grant provides Federal funding to students who agree to take up a teaching position in a high need field, or critical shortage facility, following graduation. Recipients must sign a contract agreeing to a predetermined time of service. Students who fail to fulfill their teaching obligations will have their grant revert to a student loan, and will be responsible for the full repayment, plus interest, of that loan.
Some states use your FAFSA and your Estimated Family Contribution (EFC) to determine your eligibility for state financial aid.  Other states require additional documentation, and deadlines are not always the same.  Your state’s FAFSA filing deadline might be earlier than the federal requirement, so consult with your financial aid office or guidance counselor for specifics.

As students begin to investigate possible grants for college, they will likely find a variety of award-for-service grants. These types of grants are typically allied to a distinct course of study, and are applied to students with definite career goals. Typically they address critical shortages in certain professional fields including healthcare, legal aid, teaching and social work. A grant-for-service requires recipients to agree to a predetermined term of service, working within their chosen field, at a critical need facility or in an under-served community. If the student fails to meet their obligations, the grant will revert to a standard student loan, and the student will be expected to repay all monies received plus interest.


Hispanics are now the fastest growing minority population in the United States. Unfortunately, the rise in population numbers is not yet adequately reflected in the number of college-bound Hispanic students. This is beginning to change, however, and the availability of dedicated college grants for Hispanic students is on the rise. Grants for Hispanic students are supported by charitable foundations and advocacy groups, as well as by corporations and professional associations dedicated to diversifying the American workforce. Hispanic students will find a large number of grants designed to encourage them to pursue specific career paths, with an emphasis on science, mathematics and technology.
Students pursuing high-need fields of study, like nursing, teaching and STEM subjects may get assistance from state governments. Nursing and teaching grants are issued by states, in return for service obligations that require participants to work in under-served areas.  By committing to work as a teacher or nurse within your state, for a period of two to four years, you might receive tuition abatement that amounts to a free ride through college.  If you don’t follow through on your end of the service agreement, your grant becomes a loan that you must repay-with interest.

African-American students will find a wide range of grants designed to help them pursue their dreams of a college education. For too long African-Americans were under-represented in the halls of academia. But with the help of publicly and privately funded grant programs, they are beginning to take their rightful place on college campuses across the country. Over the last decade, the number of African-Americans graduating with a four-year degree has risen sharply, and dedicated grant programs for African-American students are helping more and more students of color pursue their dreams of a higher education.
State-funded grants for minorities promote educational diversity and increase access to college for traditionally under-represented groups. Grants for ethnic minorities—African American, Hispanic, Asian, and Native American students—target specific groups needing college cash.  For example, Wisconsin’s Minority Undergraduate Retention Grant disburses funds to second, third and fourth-year minority students pursuing college degrees or vocational training.

While you are waiting for the Student Aid Report (SAR) that will be generated as a result of filing of the FAFSA, you should contact the Records/Admissions department at EFSC to make sure your records are complete. You will have to order your high school transcript, declare your major, and take the appropriate college placement test for your program of intent. If you have attended other colleges, you also have to order official transcripts for evaluation of transfer credit.
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