What is the ACG Grant

The ACG grant is one of two grant programs to come from the Higher Education Reconciliation Act of 2005.  ACG stands for the Academic Competitiveness Grant.  It first became available to students seeking federal aid in the 2006-2007 academic year.  The grant was created in order to encourage students to take more challenging high school courses and eventually seek college majors.  The ACG grant can be given to first-year undergraduate students who graduated from high school after the date of January 1, 2006.  It can also be given to second-year students who graduated from high school following the date of January 1, 2005. 

Keep in mind that the ACG grant was created to be complementary to the Pell Grant award, another federal grant program started by U.S. Senator Claiborne Pell.  Nearly $800 million dollars was allocated during the 2006-2007 year to fund this grant program.  Another $4.5 billion dollars will be set aside through the year 2010 to 2011.  The Academic Competitiveness Council and Secretary of Education preside over this grant program.

What are the qualifications for these ACG grants?  All qualifying students must be full-time, a citizen of the United States and also be in compliance with the qualifications for Federal Pell Grants.  These requirements include a having a valid Social Security Number, a high school diploma or GED, satisfactory academic progress (a cumulative 3.0 grade point average in high school) and that the student be working toward a first undergraduate degree or teaching credential in an eligible school.  Besides these basics, students must also be registered with the Selective Service, must certify that the funds only be used only for education and lastly, demonstrate financial need.  Financial need is determined from data contained in the Free Application for Federal Student Aid or FAFSA form.

As an enrolled student, remember that you can receive a Pell Grant as long as you meet the eligibility requirements.  That said, students only receive one award per academic year.  Like all federal loans and grants, unless the lending company you work with states otherwise, you must reapply with a new FAFSA every year.

The ACG Grant is a relatively new piece legislation that can be of help to currently enrolled students.  The amount of an ACG grant is up to $750 for first year students and up to $1,300 for second year students.  EasyAid is a company that helps students apply for ACG grants and other helpful federal loans.

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