Financial Aid Grants

Federal Grants

Federal grants are not available if you have already completed a bachelor's or professional degree program, including completing the equivalent academic program curriculum requirements.

Pell Grant

The Federal Pell Grant program is funded by the U.S. Department of Education. Award amounts will vary based on your estimated family contribution (EFC) as determined by your FAFSA and your enrollment status. If you are not enrolled for the semester at the time of your initial award, the amount will be based on an anticipated full-time status. Financial aid awards are based on enrollment as of 4:30 p.m. on the Pell Recalculation Date for each semester.

Year Round Pell
The Consolidated Appropriations Act of 2017 allows you to receive the Federal Pell Grant up to 150 percent of your Pell Grant Scheduled Award. To be eligible for the additional Pell Grant funds, you must meet all general eligibility requirements to receive financial aid and be enrolled at least half-time (6 credits) in an eligible financial aid program.

If you are planning to attend summer term and interested in Year Round Pell Grant and other financial aid eligibility, you should visit the Summer Financial Aid page to learn about additional requirements.

Important Note: Pell Grant eligibility is limited to 12 full-time semesters or 600% by federal law. This limit is referred to as lifetime eligibility used (LEU). If you exceed your LEU you are no longer eligible to receive Pell Grant funding. Students are encouraged to check their lifetime eligibility used (LEU) through Federal Student Aid (NSLDS). Learn more about this limit.

Federal Supplemental Educational Opportunity Grant (FSEOG)

The FSEOG is funded by the U.S. Department of Education. It is available to high-need students on the basis of financial need. To be eligible, you must be enrolled at half-time status (6 credits) and is awarded on a first come, first serve basis.

Iraq or Afghanistan Service Grant

The Iraq or Afghanistan Service Grant is awarded to a student whose parent or guardian died as a result of U.S. military service in Iraq or Afghanistan after September 11, 2001. Identified students may receive increased federal financial aid if at the time of the parent or guardian’s death they were either less than 24 years old or were enrolled in college. 

Eligibility is based on the following:

• You are Pell eligible but have not received the maximum amount based on your EFC, OR
• You are not Pell Grant eligible because your EFC is too high, you may then receive the IASG.

For students who are eligible, the Financial Aid Office will automatically offer this grant based on information provided by the Department of Education.

Children of Fallen Heroes

The Children of Fallen Heroes Scholarship is awarded to a student whose parent or guardian died in the line of duty while performing as a public safety officer.  If you are eligible, you may receive an increased amount of federal financial aid under the program.

Eligibility is based on the following:

• You are Pell Grant eligible
• You were less than 24 years old when your parent or guardian died; or
• You were enrolled at an institution of higher education at the time of a parent or guardian’s death.

For consideration of this scholarship, you must contact the Financial Aid Office at financialaid@madisoncollege.edu and provide any required documentation requested.  The College will determine, based on documentation submitted, whether or not you meet the eligibility criteria.