/Institutions/Laboure-College/json/2023-2024/Catalog-and-Student-Handbook-local.json

/Institutions/Laboure-College/json/2023-2024/Catalog-and-Student-Handbook.json

Catalog and Student Handbook 2023 - 2024 > Financial Aid Information > Types of Financial Aid at Labouré College of Healthcare > Grant Aid

Grant Aid

Federal Pell Grant

For students with exceptional financial aid needs who have not earned a bachelor’s degree, this grant is funded by the US Department of Education. The amount of the grant is determined by federal government regulations. Maximum Pell Grant for 2022-2023 is $6,495. The actual grant award is determined based on financial need and the total number of credits registered for each semester.

Federal Supplemental Educational Opportunity Grant (FSEOG)

A companion grant to the Federal Pell Grant, this is also for students with exceptional financial aid needs who have not earned a bachelor’s degree. Students have to be at least half-time (six credits) status and demonstrate exceptional financial need. If eligible, the maximum award for a year is $4,000. Students must be Pell recipients to be eligible for this grant. When awarding we first look at the student’s estimated family contribution (EFC), as reported from the student’s FAFSA. Those with a zero EFC are awarded first. Next, the student’s enrollment is reviewed. Student’s enrolled full-time (12 or more credits) are awarded first, followed by those awarded ¾-time (9-11) credits, and finally if funds allow, those enrolled half-time (6-8 credits). If there are funds remaining after all zero EFC recipients are awarded, we then move on to those who have an EFC by using the same formula and moving up by groups of 5,000. (an EFC of 1-5,000, then EFC of 5,001-10,000, etc). Awards are based on enrollment. $2,000 per semester for full-time enrollment, $1,500 for ¾-time enrollment, and $1,000 for half-time enrollment. There is limited funding for this grant.

MASSGrant

This program is for full-time (12 or more credits) students who are Massachusetts residents, have exceptional need, and meet other eligibility criteria determined by the Commonwealth of Massachusetts. Applicants have to file the FAFSA prior to May 1. Eligibility is determined by the Massachusetts Office of Student Financial Assistance (OSFA) and students will be notified by OSFA via mail.

Part-time Massachusetts Grant Program

This program is for part-time (six to eleven credits) students who are Massachusetts residents, have exceptional need, and meet other eligibility criteria determined by the Commonwealth of Massachusetts. Students should file the FAFSA by the college’s priority deadline to receive maximum consideration. There is limited funding for this grant.

Massachusetts Gilbert Grant

This grant is funded by the Commonwealth of Massachusetts and awarded by the College to full-time students who have demonstrated exceptional financial need, are residents of Massachusetts, and have not earned a bachelor’s degree. There is limited funding for this grant.