Academic Competitiveness Grant
Along with the National Science and Mathematics Access to Retain Talent Grant (SMART), the Higher Education Reconciliation Act of 2005 also created the Academic Competitiveness Grant (ACG). If you’re also a Federal Pell Grant recipient, contact your college’s financial aid office for more information about this award if you’ve also been targeting merit-based awards, as this grant rewards academic achievement.
What is an ACG Grant?
The award was first disbursed for the 2006-2007 school year for first-year college students who graduated from high school after January 1, 2006, and for second-year college students who graduated from high school after January 1, 2005. As awards are only given to students who also qualify for Pell Grants, the program is both need- and merit-based. You’ll need to fill out a Free Application for Federal Student Aid, or FAFSA, to determine whether you’re eligible for the TEACH Grant and how much funding you could be eligible to receive.
Who may be eligible for ACG Grants?
To be eligible for the grant, you must be a U.S. citizen or eligible non-citizen, have a minimum GPA of 3.0 and have completed a "rigorous secondary school program of study.” Such programs include Honors, IB or AP courses, and rigorous secondary school programs are listed annually by the Secretary of Education. Those rigorous secondary school programs could also include four years of English, three years of science, and one year of foreign language. This meaning you need to complete all of those to be eligible, not just one. Those who are found to be eligible during their sophomore year of college must also maintain a minimum 3.0 GPA.
How much money can I receive?
Students can receive up to $750 for the first year of undergraduate study, and up to $1,300 for the second year of undergraduate study. The amount of the grant, when combined with a Pell Grant, may not exceed the student's cost of attendance. As with all federal aid, that amount is subject to change, and students may receive less than the maximum depending on the amount of students found eligible for the grant each year.
What else should I be aware of?
As of July 1, 2009, the Secretary of Education will not be adding new programs to the list of those programs considered “rigorous.” That list is still subject to change, however, if a program official lobbies for a particular program’s inclusion on that list.
Last Edited: August 2015
- Academic Competitiveness Grant
- Applying for Grants
- Career-Specific Grants
- College-Based Grants
- Federal Grants
- Grants By Degree Level
- Iraq and Afghanistan Service Grant
- State-Sponsored Grants
- Student Specific Grants
- TEACH Grant - Teacher Education Assistance for College and Higher Education (TEACH) Grant Program
- Unique Grants
Latest College & Financial Aid News
February 9, 2016
by Susan DutcaSome 200 years ago, attending Harvard may have cost roughly $600.50 a year ($8,371 if you adjust for inflation) in comparison to today's cost of attendance of up to $69,600, according to Greg Daugherty. College Board reports the average cost of tuition and fees for the 2015-2016 school year was $32,405 at private colleges, $9,410 for state residents at public colleges, and $23,893 for [...]
February 4, 2016
by Susan DutcaWhat makes February so lovely? It is Financial Aid Awareness Month, and since filling out the FAFSA is stressful - much like taxes - several higher education institutions and financial aid organizations have jumped on board to provide informational sessions for families and students as they navigate through, and apply for financial aid through the 2016-2017 FAFSA. According to the National Center [...]
February 2, 2016
by Susan DutcaTwo for-profit trade schools are being accused of lying to students in order to secure millions in federal funding. After receiving a combined $107 million in federal funding in the 2014-2015 academic year, two for-profit trade schools are temporarily banned from receiving any more funding from the Department of Education after reportedly falsifying documents and student statistics in what is [...]