Page 2
SMART Grants are not accessible for graduate students or those students that have already completed a bachelor's degree with no exceptions possible. The student must be enrolled in a four year degree program, be in either their third or the fourth year of said program and be eligible to receive a Pell Grant in the same year that they want to be considered for a SMART Grant. Students must also maintain a minimum GPA of 3.0.
| Sponsored Links |
|
|
Students are required to sign a statement of educational purpose, are not allowed to owe a refund on another a Title IV grant, and cannot currently have a Title IV loan that is defaulted.
While the program itself is overseen by the Department of Education, the institution that the student is enrolled in will act as the disbursing agent. The institution calculates and pays the SMART Grants. This is done using a payment schedule developed by the Department of Education. The Department of Education will then calculate whether the student is eligible for assistance and the office the student sent the original application sent to will send the student a notification whether they were eligible for assistance. The student then delivers this received notification to the institution and will have their grant calculated from there. The funding available and the number of recipients that the institution estimates determine this payment schedule.
The total grants were $230,000,000 in 2007; approximately $260,000,000 in 2008; and approximately $270,000,000 in 2009. Depending on the need of the student and how much they are assigned, the grant received through the program can range upwards of $4000. SMART Grants assistance cannot exceed the student's actual cost of education. The average reward for students was around $3,291.
Due to recent cutbacks, there is no guarantee word yet on whether the SMART Grant will be available for students for the 2011-2012 year and onwards.
SMART Grants - Educational Grants for the Student of Math, Science and Languages
Back to Page 1
About The Author The author edits a site featuring Grants for Education and another Government Grants site providing info on every grant the federal government offers. Michael Saunders has an MBA from the Stanford Graduate School of Business. |
Additional Government Grants Resources
Connecticut Housing Finance Agency Mortgage Programs for Military, Police and Teachers
The Connecticut Housing Finance Agency has established the Mortgage Programs for Military, Police and Teachers so as to provide reasonable housing opportunities to veterans and active duty service members of the United States Military, the National Guard, along with teachers and police officers who are assigned in under-served areas.
Construction Incentive Program for First Time Home Buyers in New York
Under the State of New York Mortgage Agency, the Construction Incentive Program has been established. The goal of this program is to enable the construction of one and two family homes through the provision of funds, up to 97% of the value of the property, to eligible low to moderate income first time home buyers.
Minority-Based Community Clinical Oncology Program Groups
In line with this mission, the National Institutes of Health has recently collaborated with the National Cancer Institute (NCI) in an attempt to establish the Minority-Based Community Clinical Oncology Program Groups (MBCCOP).
Eradication of HIV from CNS Reservoirs: Implications for Therapeutics Grant Program
The National Institutes of Health has collaborated with The National Institute of Mental Health (NIMH), The National Institute of Neurological Disorders and Stroke (NINDS), and The National Institute of Allergy and Infectious Disease (NIAID) in an attempt to establish the Eradication of HIV from CNS Reservoirs: Implications for Therapeutics Grant Program.
Pilot Studies of Innovative Treatments in Mental Disorders Project
The National Institutes of Health has recently collaborated with the National Institutes of Mental Health (NIMH) to establish the Pilot Studies of Innovative Treatments in Mental Disorders Program.
Department of Housing and Urban Development: Energy Innovation Funds for Multifamily Pilot Program
The Department of Housing and Urban Development, has recently announced a funding opportunity entitled Energy Innovation Fund: Multifamily Pilot Program.
Energy Innovation Fund is directed towards the discovery of innovations in terms of the residential energy efficiency sector and to help in the development of a standardized home energy efficient retrofit market.
First Time Homebuyer Programs in California
The programs of CalHFA are constantly guided by its overall agency mission which is to "finance below market rate loans to create safe, decent and affordable rental housing and to assist first-time homebuyers in achieving the dream of homeownership."
Social Entrepreneurship
Spotlight
Exploring The Entrepreneurial Mindset – Their Approaches To Tackling Social Change
Jean Case, CEO of the Case Foundation, defines the meaning of social entrepreneurship, and explores the entrepreneurial mindset and approach of social entrepreneurs in dealing with social challenges.
