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TYPES OF FINANCIAL AID

Federal and State Grants

The Federal Pell Grant**  provides awards ranging from $400 to $4,310 per academic year for exceptionally needy applicants. The Pell Grant is funded by the Federal Government and is determined based on the information provide on the FAFSA and enrollment status provided.

The Federal Supplemental Educational Opportunity Grant (SEOG)** provides awards ranging from $1,000 - $2,500 and is awarded to students receiving Pell Grants. The SEOG grant is federally funded and subject to availability of funds.

The Academic Competitiveness Grant (ACG)**  is awarded to Pell eligible students.  New and returning students need to be US Citizens and meet federal guidelines for a rigorous high school program of study.  In addition, returning students need to have a GPA of 3.0.  ACG is awarded at $750 for the first year and $1,300 for the second year.

State Grants

State grants are based on financial need and may be offered to eligible students. The Department of Education in each state determines a student's eligibility for these awards. Many states have application deadlines which can be found at the FAFSA web site. The State of Massachusetts awards grants to eligible students who meet residency and financial criteria. Students must also have a valid FAFSA on file by May 1 of each year.  Other states that currently allow students to use state grant funds from their home states to attend schools in Massachusetts include Rhode Island, Vermont, New Hampshire, Pennsylvania, and Maine. These grants range in amount from $250 to $2,900.

Massachusetts Gilbert Grant

The Gilbert Grant is awarded  to full time students who meet the criteria of the Massachusetts State Grant. Award amounts range from $500 to $2,500 per academic year. The Gilbert Grant is contingent upon fund availability.

 Work Study

Federal Work-Study is a program that provides on-campus job opportunities for students with financial need. Students may also choose to work off-campus in one of our community service positions. Students are responsible for finding a qualifying job and as they work they will complete time sheets and collect a bi-weekly pay check for the number of hours worked. The Center for Student Administrative Services sponsors a job fair during the first week of school in the fall to help students find jobs. Most students work between 10 and 20 hours a week, and their earnings are intended to cover educationally-related expenses. Unlike other financial aid or scholarship awards, work study does not reduce your tuition bill, students will receive a bi-weekly pay check. Work study awards do not require repayment.

**Due to changes in Federal Regulations the Pell Grant, SEOG and/or ACG Grant amounts and/or eligibility criteria may change.

For more information on any of these programs please contact us at financial aid@dean.edu or 508-541-1518.

 

 

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