SMART Grants - Educational Grants for the Student of Math, Science and Languages
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.

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 Resources

category - Education Grants

Museum Grants for African American History and Culture Program
The Institute of Museum and Library Services has established a funding opportunity to support the Museum Grants for African American History and Culture Program wherein they intend to provide the African American museum staff with added knowledge and ability in all the areas of management, operations, programming, collections care, and other museum skills.

---

Peer Reviewed Cancer Career Development Award Program
In keeping with this mission, the Department of the Army has established the Peer Reviewed Cancer Career Development Award Program in an attempt to stimulate the next generation of cancer research studies by providing new and early career investigator opportunities that would lead to innovative, cutting-edge research developments for the prevention, early detection, and treatment of cancer.

---

Student Loan Consolidation
Why Consolidate Your Student Loans? It's January of your senior year and time to start thinking about all those loans you took to help pay for college. Between Stafford Loans, Perkins Loans and al...

---

Are You Eligible To Receive A Federal Student Aid?
The Department of Education offers several types of educational financial assistance such as grants, federal loans, and work-study programs. It is very much essential for student to determine which type of assistance will best suit his/her financial needs.

---