The Higher Education Reconciliation Act of 2005 (HERA) created this grant program for students who are at degree-granting institutions, and are eligible for the Federal Pell Grant.
Please note: The SMART Grant program is only funded through the 2010-11 academic year. The grant will not be available for the 2011-2012 year and beyond.
What are the eligibility requirements?
To receive the National SMART Grant each academic year, a student must:
How much can a student receive?
Juniors (56-87 earned credits*) and seniors (88-104 earned credits*) can receive up to $4,000 per academic year.
*Earned credits: Includes transfer credits, Advanced Placement (AP) Program credits and International Baccalaureate (IB) credits.
The amount of the student's National SMART Grant, in combination with the student's Federal Pell Grant, other resources, and estimated financial assistance may not exceed the student's financial need (cost of attendance minus the Expected Family Contribution [EFC] equals financial need). A student may not receive more than one National SMART Grant award in each academic year for which the student is eligible.
How does a student apply for the National SMART Grant?
A student can apply for the National SMART Grant by completing and submitting the 2010-11 Free Application for Federal Student Aid (FAFSA). The postsecondary school listed on the student's FAFSA will determine whether the student meets all of the eligibility requirements. The financial aid office will award the grant to eligible students enrolled in 2010-11 academic year.
Last Updated: 7/19/11