Federal Grants

Federal Pell Grants

The maximum Federal Pell Grant award for the 2023-2024 award year is $7,395 for eligible students. Individual awards are determined based on federal formula. Payment is calculated for full-time enrollment (12 or more hours per semester), 3/4 time enrollment (9-11 hours per semester), or half-time enrollment (6-8 hours per semester). Students enrolled less than half-time may also be eligible. To be considered for a Federal Pell Grant, the results of your valid application must reach us while you are still enrolled. Students with a prior bachelor's degree are not eligible.

Federal Supplemental Education Opportunity Grant

Federal Supplemental Educational Opportunity Grants (FSEOG) are available to students who show exceptional financial need and, normally, who are eligible for a Federal Pell Grant. These grants are partially federally funded, but awarding is controlled by the University. Because funding is limited, priority is given to students who complete the FAFSA by June 1 and list Buena Vista University on the application.

Federal TEACH Grant

The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides up to $4,000 per year in grant funds for graduate and undergraduate students who intend to teach full-time in high-need subject areas for at least four years at schools that serve students from low-income families. The grant reverts to an Unsubsidized Direct Loan if the conditions mentioned are not met within eight years of graduation. To receive a TEACH Grant, students must:

• Complete the Free Application for Federal Student Aid (FAFSA) before the yearly deadline, although financial need is not required.
• Meet the eligibility requirements for federal student aid.
• Meet one of the following academic achievement requirements
  • Score above the 75th percentile on a college admissions test (e.g. SAT, ACT, GRE, or
  • Graduate from high school with a cumulative GPA of at least 3.25 (on a 4.0 scale) to receive a grant as a freshman, or
  • Have a cumulative GPA of at least 3.25 (on a 4.0 scale) on college course work to receive a grant for each subsequent term.
• Students enrolled in the post-baccalaureate education program are not eligible
• Be accepted into a Teach Grant-eligible program

BVU Process to Receive Federal TEACH Grant Funding

These steps must be completed each year you would like to be considered for the TEACH grant.

1. Complete the FAFSA at studentaid.gov.
2. Check your academic information to ensure you are eligible
3. Complete the Undergraduate career plans form letting us know what you plan to teach and that you have carefully read through the informational provided here and that you have carefully considered whether or not to pursue a TEACH Grant.
4. Complete a TEACH Grant Agreement to Serve
5. Complete the online TEACH Grant counseling