Academic Competitiveness Grant (ACG)
An Academic Competitiveness Grant (ACG) is a great replacement if you’re looking for No Cosigner Student Loans. All students should look into a Federal ACG Grant to help pay the high cost of tuition today not just people who need a student loan with no cosigners required to cosign along with them. Grants are like free college money and students are not required to pay them back. If students have bad credit they usually need a cosigner for a student loan, but they can do it all themselves with the Federal ACG Grant. It’s a great alternative student loan program. Let’s look closer at the ACG grant and see if you’re eligible for one.
If you were in approved advanced classes in high school, and are about to enter either your first or second year of an under graduate degree program, you may be eligible for the Academic Competitiveness Grant (ACG). This is a newer grant that many people have never heard of, as it just became available in 2006. The ACG is a federal grant, and does not have to be repaid.
The Academic Competitiveness Grant (ACG) awards eligible students with $750 for the first year of college, and $1300 for the second year. The basic requirements of the ACG are much the same as for other federal grants. For example, it can only be awarded to those students who are eligible for a Pell Grant during the same year, the student must be enrolled as a half time student or full time student, and must be a citizen of the United States. This may not be enough to fully cover all your college expenses and you may still need no cosigner student loans but it will significantly help your financial cause.
As stated, this grant is only available to first and second year students, and the student must maintain a grade point average of 3.0 to be and remain eligible during the first and second year of school. What sets this grant apart from others is the fact that you must have also completed an approved rigorous program of study in high school.
You may meet this requirement for the Academic Competitiveness (ACG) Grant if you were in advanced or honors programs at your high school and you successfully completed those courses. AP courses and exams can also count if you completed at least two such courses with a score of three or better.
You don’t even have to be in ‘advanced’ classes if you have a high school curriculum that includes four years of English, three years of math, and three years of science, three years of social studies or history, and one year of a foreign language.
Because this grant is rather new, and because of the number of different programs or curriculums that could make you eligible for the grant, it is important that you ask about this grant specifically when you discuss your financial aid package with the financial aid officer at the school you will be attending.
Like other types of federal student aid, your eligibility will be determined by the information on your FAFSA form, but because of the rigorous study requirement, if this grant is not a part of your financial aid package, and you meet all other requirements, make sure that you ask about it so that you aren’t missing out on any available funds that will help pay for your education. If you do miss out on it then you may need a no cosigner student loan program to pay your tuition.
Obviously, because of what you must do in order to meet the requirement for rigorous study, you need to actually be thinking of the Academic Competitiveness Grant (ACG) as early as your freshman year of high school. To find out which types of programs of study in high school will fulfill the requirements for the ACG, you can see the list of approved programs, separated by graduation year by going to ACG Grant. If you’ve already finished high school, or are about to finish, check the list to see if any programs that you’ve already completed will make you eligible. If you have completed high school and have not meet the high school ACG requirements to apply, and then you can look into federal student loans no cosigner included to help finance your way through college. Not to worry to much though, they are actually very good programs along with favorable terms.
TEACH Grant Program No Cosigner Student Loan
National SMART Grant an Alternative Student Loan Program
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