Federal Grants are are offered by the United States Department of Education.

Most Federal Grant programs are designed for undergraduate students attending college and are ineligible for those with a completed bachelor's or professional degree (including degrees received in a foreign country), and completing the equivalent academic program curriculum requirements.

Types of Federal Grants

There are the types of federal grants that you may be eligible for.

  • 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.

    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.

    Eligibility Criteria

    If you are considered in financial need, receive financial aid at a full time enrollment status for the previous Fall and Spring terms, and you are enrolled at least half-time (6 credits) in an eligible financial aid program. Must not exceed the lifetime eligibility use (LEU), or 12 full-time semesters or 600% by federal law. Please reach out to Financial Aid [add email redirect hyperlink] for more information on this limit. You also must complete a FAFSA form to determine eligibility.

    Maximum Amount Awarded

    Up to $6,345 (for 2022-2023, Max amount for normal Pell is $6,895; Year Round Pell, if the student qualifies will be at 50% maximum =$3,448 – we cannot award the full annual amount, only up to half). The amount will depend on your financial need, cost of attendance, and enrollment status.

  • Federal Supplemental Educational Opportunity Grant (FSEOG)

    The FSEOG is funded by the U.S. Department of Education. It is available to students who are in financial need.

    Eligibility Criteria

    To be eligible, you must be eligible to receive a Pell Grant and be enrolled at half-time status (6 credits) and is awarded on a first come, first serve basis.

    Maximum Amount Awarded

    Up to $4,000 a year. Change to: Award amount = $250 per semester. Funding is limited and awarded on a first come, first served 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 Criteria

    You must be 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.

    Maximum Amount Awarded

    The maximum amount awarded varies per year. Please contact the Financial Aid Office if you meet these criteria or have questions.

  • 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 Criteria

    You must be Pell Grant eligible, and you were less than 24 years old when your parent or guardian died; or you were enrolled in college at the time of a parent or guardian’s death.

    Maximum Amount Awarded

    The maximum amount awarded varies per year. Please contact the Financial Aid Office if you meet these criteria or have questions.

Key Financial Aid Dates in Chronological Order

January 28 (4:30 pm) – Pell Recalculation Date for Spring 2022

February 23, 2022 – Online request form opens for summer financial aid coverage.

April 1 – Priority Deadline for 2022-2023 FAFSA. (Apply by this date to be eligible for the greatest amount/types of assistance.)

May 6 – Deadline to accept State Grants for Fall 2021 or Spring 2022

June 10 (4:30 pm) – Pell Recalculation Date for Summer 2022

June 30 – Deadline to have FAFSA filed to be eligible for Summer 2022 Financial aid

July 29 – Deadline for filing is July 29th, 2022.

July 31 – Deadline to submit Summer 2022 Financial Aid online request form

August 12 – Deadline to submit verification documents (your taxes, parent’s taxes, etc.) for the 2021-2022 year

September 9, 2022 (4:30 pm) - Pell Recalculation Date for Fall 2022

If you must submit additional documents (your tax information, parent/spouse's tax information, etc.) for Financial Aid Verification for the 2021-2022 year, you must do so by August 12, 2022.

Policies and Requirements for Federal Grants

Madison College will automatically accept any federal grants on behalf of the student. You, as the student, must meet all other eligibility requirements, including an annual renewal of the FAFSA, beginning October 1 of each year.

Disbursement Information

We disburse funds to student accounts weekly, generally on Tuesdays. Some exclusions may apply. Funds are disbursed to accounts for which all documents have been received and processed. Disbursements occur each term after the Pell Recalculation Date (PRD).

No disbursement during the weeks between aid years (August 29, 2022 through September 9, 2022) or during Winter campus closure.

Steps After Receiving Your Financial Aid Notification Letter

  1. After receiving your Financial Aid Notification Letter in your student email, you will need to log in to your myMadisonCollege account and accept or decline your awards. Awards include both the fall and spring semester. The Financial Aid Office will automatically accept all grants and scholarships on your behalf. If you apply for Loans, you will have to accept or decline or change the amount on your own.
  2. Complete Entrance Counseling to better understand your responsibilities and obligations by borrowing student loans.
  3. Complete a Subsidized/Unsubsidized Master Promissory Note (MPN). The MPN is a legal document in which you are promising to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. You are only required to do this once every ten (10) years.

For more information on PLUS Loans, please visit studentaid.gov.

Get Financial Aid Help
Schedule an appointment with one of our financial aid experts to get your questions answered.