Fall 2022 Academic Calendar
 

FINANCIAL AID GRANTS

Grants

Grants are considered gift aid and do not require repayment unless the student reduces his/her course load, never attends class, quits attending class, or withdraws from school prior to the completion of the semester.  Any repayment due would be calculated in accordance with appropriate regulations governing the particular grant program. Grants are offered based on financial need. There are several types of grants available for students.   

  • Federal Pell Grant (PELL)
  • Federal Supplemental Educational Opportunity Grant (FSEOG)
  • Texas Public Educational Grant (TPEG)
  • Texas Educational Opportunity Grant (TEOG)

Federal Pell Grant (PELL) 

The Federal Pell Grant is a federal program for undergraduate students obtaining their first bachelor’s degree and is designed to provide eligible students with a foundation of aid to help defray the cost of education. It is always the first program considered for each applicant. Although the Financial Aid Office determines the amount of each student’s Pell Grant, eligibility is determined on the basis of a formula developed by the U.S. Department of Education. The Pell Grant amount depends on the student’s expected family contribution, the cost of attendance at VC and the number of hours for which the student is enrolled (full-time, three-quarter time, half-time, less than half-time). A student may be ineligible for a Federal Pell Grant; however, he or she may qualify for other financial assistance. The Federal Pell Grant is to be used solely for educational purposes, which includes tuition, fees, room, board, books, supplies, transportation, personal, and miscellaneous expenses.

In order to receive a Pell Grant, the Department of Education must have processed a valid student aid report (which is the result of filing the FAFSA form) with an official expected family contribution while an eligible student is enrolled for the award year. Verification documents (if applicable) must be received and be accurate no later than 120 days after the last date of enrollment or the Department of Education's published deadline, whichever is earlier. To allow for accurate processing, the student must provide any requested documents prior to the deadline. if the student does not complete verification by the deadline, he/she forfeits financial aid for the award year. A student’s duration of Pell eligibility is limited to the equivalent of 12 full-time semesters. 

Federal Supplemental Educational Opportunity Grant (FSEOG)

The FSEOG is offered to first time undergraduate students with the lowest estimated family contributions who are also receiving Federal Pell Grants and have financial need greater than the amount of the grant. Amounts are based on the student’s enrollment and are made in accordance with program regulations and on a first come, first served basis. 

Texas Public Educational Grant Program (TPEG)

The TPEG program is funded from tuition paid by credit students attending VC.  The applicant must be enrolled at least half-time during the term or terms for which the grant is offered and have financial need greater than the amount of the grant. Amounts are based on the student’s enrollment and are made in accordance with program regulations and on a first come first served basis.

Texas Educational Opportunity Grant (TEOG)  

The TEOG Grant is offered first come, first served to Texas residents who are enrolled at least half-time. Recipients must meet the following eligibility requirements: have financial need and an expected family contribution that is below the cap as defined by the Texas Higher Education Coordination Board; not been convicted of a felony crime involving a controlled substance; and be registered with Selective Services, or be exempt.

Initial recipients must be enrolled in the first 30 hours of an associate's degree or certificate program and must meet Vernon College's satisfactory academic progress standards. Preference for initial recipients is given to recent Texas public high school graduates who earn a Distinguished Level of Achievement under the Foundation Program. To receive a renewal award through the TEOG program, a student must be enrolled at least half-time as a student who previously received a TEOG offer, and have not been granted an associate's degree or baccalaureate degree. Continuing renewal eligibility requires the student to have a financial aid cumulative GPA of 2.5 or higher and a 75% successful completion rate in his/her most recent academic year. The maximum time frame for receiving the grant is the first of: 4 years from the start of the semester in which the student received the first offer through the program; 75 semester credit hours attempted while receiving the grant: or completion of an associates degree. 

The maximum TEOG Grant is determined by the Texas Higher Education Coordinating Board. Amounts will be prorated in relation to the student's enrollment status on the day after the census date. In order for eligible recipients to receive a renewal offer, they must complete their financial aid file by the published TEOG deadline. Students who fail to meet this deadline cannot be guaranteed a renewal offer.

 

 

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