Types of Grants: (Click on the appropriate link, or scroll down, for more information)Federal Pell GrantFederal Supplemental Educational Opportunity Grant (SEOG)Federal Teacher Education Assistance for College Education (TEACH) GrantState Funds (Illinois): IL-MAPOther State GrantsFederal Academic Competitiveness GrantFederal National Science and Mathematics Access to Retain Talent (SMART) Grant
Federal Pell Grants are provided by the U.S. Department of Education to all students who qualify on the basis of need. The Free Application for Federal Student Aid (FAFSA) used to determine eligibility for this grant may be filed online. Pell grant awards normally range from $555 to $5,550 per year.
Any educationally related expenses
Federal Supplemental Educational Opportunity Grant (SEOG): Awarded to students with exceptional financial need. The SEOG is awarded through the University from funds allocated to the school by the federal government. Awards are typically $300 per year.
Federal Teacher Education Assistance for College and Higher Education (TEACH) Grant: The Federal Teacher Education Assistance for College and Higher Education (TEACH) Grant Program was designed to benefit current and prospective teachers. The maximum TEACH Grant amount is up to $4,000 per academic year. Maximum aggregate awards are $16,000 for students working toward their first undergraduate or post-baccalaureate program; and $8,000 for graduate students.
Recipients of this grant must sign an agreement to meet specific teaching requirements within eight years after completing the program for which the grant was received. If the teaching requirement is not fulfilled, the grant must be repaid as an unsubsidized Direct Stafford Loan.Applicants must complete and submit the Free Application for Federal Student Aid (FAFSA), which includes a question that will assist colleges in identifying students who may be eligible for a TEACH Grant. Details (including eligibility requirements, specifics regarding the agreement to serve/promise to pay, and academic requirements for the college the applicant attends) are provided on the TEACH Grant.
State Funds (Illinois): IL-MAP: Illinois Student Assistance Commission Monetary Award Program (MAP): The State of Illinois provides financial assistance to all residents of the state who show a need for college assistance. This grant may cover tuition and fees only. The current maximum yearly award is $4,720. The FAFSA form used to apply for federal aid applies to the Illinois state assistance as well. The award amounts are contingent upon legislative action and funding each year.
Other State Grants: Residents outside the state of Illinois should inquire into the availability of state grants for college education which may be applied toward their education at Olivet. The states of Vermont, Massachusetts, Pennsylvania and New Jersey are among those who will permit students to transfer grants to out-of-state private schools. All Illinois grant programs can be found here.
Federal Academic Competitiveness Grant: Awarded to Pell Grant recipients during their first and second academic years who are U.S. citizens; have completed a rigorous program of study in high school (as determined by their state); and are enrolled full time. Second-year recipients must have a minimum 3.0 cumulative GPA at the end of their first academic year to receive the award.Federal National Science and Mathematics Access to Retain Talent (SMART) Grant: Awarded to Pell Grant recipients during their first and second academic years who are U.S. citizens; in their third or fourth academic year in a four-year program; enrolled full time; and pursuing a major in mathematics, science (including physical, life, and computer sciences), technology, engineering, or a critical foreign language, such as Arabic, Chinese, Korean, Japanese or Russian. Students must have a minimum 3.0 cumulative GPA to be eligible.