Grant Requirements

Your grant is an important piece of your financial aid puzzle. Know its details, and you can enjoy the benefits throughout your educational program.

In order to continue receiving grant funding for your educational program, you need to be making satisfactory academic progress. 'Satisfactory academic progress' depends on your academic program. Some grants also require you to keep a certain grade point average (GPA), and if your GPA drops below the lower limit, you may lose the grant, or be required to repay some or all of the money. Your school transcript generally lists your GPA, which is typically updated every academic term. Going on academic probation could affect scholarship and loan money, as well.

Remember Your Deadlines
You're required to renew your Federal grants every year by completing a renewal Free Application for Federal Student Aid (FAFSA). It is possible to complete the paperwork online, and filling it out early gives you more time to plan your finances for the coming year. It's possible to fill out the forms as early as January, so make sure you know your school's financial aid deadlines.

Keep these tips in mind, and you'll have less financial stress during your school year. Research the deadlines and requirements for all of your grants, and contact your financial aid department with questions about your personalized aid package.