Grants are a form of educational funding that are considered gifts and do not need to be paid back. Grant eligibility may be based on degree program, field of study, financial need, or a combination of factors.
Grants can be used to pay for education expenses including such school charges as tuition, room and board, fees, books, supplies, equipment, dependent child care expenses, transportation, and rental or purchase of a personal computer.
To find out how much federal student aid you're eligible for, you must first complete a Free Application for Federal Student Aid (FAFSA)®. Once you've completed your FAFSA, you'll work with your college or career school to find out how much you've been awarded and when you'll be receiving it.
Federal Pell grants do not need to be repaid. The Pell Grant is based on financial need, and awarded to eligible students in a bachelor's program. The maximum Pell Grant award is $5,645 per aid year. The actual award depends on the student's enrollment status each quarter (full time or half time).
Per federal regulations, scholarship awards may decrease the amount of financial aid funds available to the recipient.
The Federal Supplemental Educational Opportunity Grants (FSEOG) are based on exceptional financial need and are awarded to Pell recipients that have demonstrated financial need based on the Expected Family Contribution EFC provided by completing the Free Application for Federal Student Aid (FAFSA). The award amount depends on your financial need. Because the Federal Supplemental Educational Opportunity Grant is considered to be "gift aid," it does not have to be repaid.
For more ways to save view Capella's available scholarships.
To learn more, call 866.808.8681, or email us. When you connect with Capella, we will immediately put you in touch with an enrollment counselor trained to assist you with specific questions and needs for your area of interest.