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Types of Financial Aid

Types of Financial Aid

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The various grants that are available at TVCC are explained below. Grants, whose funding is limited to a set government allocation, are awarded to student on first come, first awarded, greatest need and eligible basis until the allocation is exhausted. Certain grants have additional requirements that must be met. Grants are need based gift aid and do not have to be paid back.


Federal Pell Grant (Pell)

The Federal Pell Grant is designed to provide financial assistance to undergraduate students. It is considered the “foundation” of the financial aid award and may be combined with other forms of aid to help meet the costs of education. The award amount range from $639-$6345, and are based on the enrollment level, cost of education and the Expected Family Contribution (EFC).

Pell Grants are awarded at fulltime amounts, once a student registers for class, the amount to prorated to match the students current enrollment. The awarded amount is frozen on the Census Date for the semester. Pell is prorated based on the following enrollment levels:

  • Less than 6 hours = 25% of Pell amount awarded
  • 6-8 hours = 50% of Pell amount awarded
  • 9-11 hours + 75% of Pell awarded
  • 12 or more hours = 100% of Pell amount awarded*

*Note: A student whose EFC is higher may not have Pell disbursed if not enrolled full-time.

Federal law limits the amount of Federal Pell Grant funds a student may receive over his or her lifetime to the equivalent of 6 years. Since the maximum amount of Pell Grant funding a student can receive, each year is equal to 100%. The six-year equivalent is 600%. Students that have received their maximum amount of Pell funding will not be awarded Pell. Students that are close to their maximum amount of Pell funding, will be awarded appropriately and monitored closely to ensure they are only awarded up to their 600%. FAFSA will notify students of being at or near the limit on their Student Aid Report.


Supplemental Educational Opportunity Grant (SEOG)

This federal grant is to assist students attending public institutions of higher education. To be eligible a student must have remaining financial need and be Pell eligible.  While an EFC of "0" is not required, these students will be given primary consideration. Awards range from $100-$1000 annually. Student must be enrolled in at least 6 credit hours each semester for this grant to disburse. Funds are awarded on a first come, first serve basis.


Texas Public Educational Grant (TPEG)

TPEG funding is subject to government allocation. This state grant is to assist students attending public institutions of higher education. To be eligible, a student must have remaining financial need and a Pell eligible EFC. TASFA students (non-citizens) must have a filed FAFSA to be awarded.


Texas Education Opportunity Grant (TEOG)

Recipients of this grant must be a Texas resident, not been convicted of a felony or crime involving a controlled substance, have an EFC that falls within the range specified by the Texas Higher Education Coordinating Board for the aid year, and demonstrate financial need. Students must be enrolled in at least 6 hours, and be registered for Selective Service. For an initial award, students must have less than 30 attempted credit hours. For renewal awards, a student must have met the satisfactory academic progress of 2.5 cumulative GPA and 75% successful completed of attempted hours. Students are not eligible that have earned a baccalaureate degree.


Posted Date:
9/12/2022 8:03:36 AM