Gustavus Adolphus College offers grants to students who demonstrate financial eligibility by filing the FAFSA. The grants include: Federal Pell Grant, Federal Supplemental Education Opportunity Grant (SEOG), Minnesota State Grant, and Gustavus Grant. They do not need to be repaid. Grants are made to students who demonstrate financial eligibility based on information provided on the FAFSA.
- Pell Grants are funded by the federal government. Recipients are chosen according to a standardized federal formula that determines eligibility based on information provided on the FASFA.
- Federal Supplemental Education Opportunity Grants (SEOG) are awarded to students with highest need, generally a student who is Pell eligible. Gustavus selects the recipients of this federal funding based on the information provided on the FAFSA. Maximum award is $500 and grant is dependent on federal funding available for the academic year.
- Federal TEACH grant provides up to $4,000 a year in grants to students who are willing to commit to teach full time in a high-need field at a low income school. If you do not complete the four-year teaching obligation, this grant will convert to an unsubsidized direct loan. Due to federal required sequester reductions, the TEACH amount will be $3708 for loans with a first disbursement prior to October 1, 2015 and $3,728 for loans with a first disbursement after October 1, 2015.
- Minnesota State Grant is awarded to Minnesota residents who graduate from a Minnesota high school and who demonstrates financial need. Recipients must complete the FAFSA to be considered for state grant money, be enrolled as a full-time student, and register for a minimum of 3.75 courses per semester to receive full funding. Your FAFSA must be filed no later than October 1, 2014 in order to receive full state grant funding in addition to meeting the enrollment requirements.
- Gustavus Tuition Grants are awarded to students who demonstrate financial need. Tuition Grants will be renewed each year. The FAFSA must be completed each year for renewal. The Grant may change if your Expected Family Contribution (EFC) from the FAFSA changes from year to year. The most common factors impacting a change in EFC are a change in number of family members enrolled in college and a change in family income.