Grants are a type of financial aid that does not have to be repaid. Generally, grants are for undergraduate students, and the grant amount is based on need, cost of attendance, and enrollment status. Students must meet eligibility requirements to qualify, and this type of aid can come from multiple sources which include federal government, state government and the college of your choice.
The federal government provides need-based federal aid called Federal Student Financial Aid, which is composed of different programs, grants, scholarships, work-study and loan programs. The available grants include Pell grants, FSEOG Grants, SMART Grants, and Academic Competitiveness Grants (ACG). Students need to apply for need-based federal student aid by completing the Free Application for Federal Student Aid (FAFSA) annually.
Georgia Tuition Equalization Grant (GTEG)
The Georgia Tuition Equalization Grant (GTEG) program provides grants to eligible Georgia residents that attend an approved private college in Georgia. Students must be U.S. citizens or classified as permanent resident aliens, as well as legal residents of Georgia, as defined by the Georgia Student Finance Authority, for a minimum of twelve consecutive months immediately preceding check-in day. Students must enroll full time in an undergraduate degree program. Certain other conditions apply. The award amount for the 2016-2017 academic year is projected at $475 per semester; $950 per school year.
SCHOLARSHIP AND GRANT POLICIES
TFC scholarships do not require students to submit a FAFSA. However, the college encourages students to do so to maximize their potential for financial aid. Only full-time students are eligible for institutional financial aid, including the final semester before graduation even if students need less than a full load to complete a program. Students confirm offers of financial aid by submitting the deposit and all documents needed to complete their financial aid files.
The Director of Financial Aid is responsible for all decisions in awarding institutional financial aid. The Office of Financial Aid only considers institutional scholarships and grants after they apply all federal and state scholarships and grants to the student account. The total amount of scholarships and grants (including institutional, federal, state, and other) awarded cannot exceed the cost of tuition, room, board, and fees. The Office of Financial Aid awards institutional financial aid in two increments: half for the fall semester and half for the spring semester. The college does not award institutional aid for summer sessions. Students that have a lapse in enrollment of more than one semester forfeit all institutional scholarships and grants previously awarded.
FINANCIAL ASSISTANCE DISCLOSURE
The Director of Financial Aid is responsible for disclosure of institutional and financial assistance information and can be contacted by writing to the following address: Director of Financial Aid, P.O. Box 800900, Toccoa Falls College, Toccoa Falls, GA 30598.