Pell Grants and SEOG Grants
The Federal Pell Grant Program and Supplemental Educational Opportunity
Grant Program (SEOG) provides need-based grants to low-income undergraduate students to promote access to postsecondary education. Pell Grants are entitlements are available to all who quality. SEOG grants are based on first-come, first-served with the greatest amount of financial need.
Grant amounts are dependent on: the student's expected family contribution (EFC) as calculated by completing the FAFSA; the cost of attendance (as determined by Cypress College); the student's enrollment status (full-time or part-time); and whether the student attends for a full academic year or less. Students may not receive Federal Pell Grant funds from more than one school at a time.
Financial need is determined by the U.S. Department of Education using a standard formula, established by Congress, to evaluate the financial information reported on the Free Application for Federal Student Aid (FAFSA) and to determine the family EFC.
The fundamental elements in this standard formula are the student's income (and assets if the student is independent), the parents' income and assets (if the student is dependent), the family's household size, and the number of family members (excluding parents) attending postsecondary institutions.
The EFC is the sum of: (1) a percentage of net income (remaining income after subtracting allowances for basic living expenses and taxes) and (2) a percentage of net assets (assets remaining after subtracting an asset protection allowance). Different assessment rates and allowances are used for dependent students, independent students without dependents, and independent students with dependents. After filing a FAFSA, the student receives a Student Aid Report (SAR), or the institution receives an Institutional Student Information Record (ISIR), which notifies the student if he or she is eligible for a Federal Pell Grant and/or SEOG Grant and provides the student's EFC.
The State of California
offers three grants. The application period for Cal Grants is very short and you must apply before March 2 of the year prior to the year for which the grants are given.
To apply for a Cal Grant, you must submit GPA Verification Form to the state on or before March 2 each year. If you are a current student at Cypress College and only have earned units from Cypress College, we will electronically submit your GPA verification.You must also submit a Free Application for Federal Student Aid (FAFSA) by March each year. If either of these post-mark dates are missed, you will not be considered for a Cal Grant.
For community college students who have earned at least 24 units have a second competitive award. You must be a California
resident to be considered for a Cal Grant. Cal Grants are based upon financial need and academic achievement.
What are the three types of Cal Grants?
Cal Grant A
: Is for students transferring to a four-year college/university in California
. If you receive a Cal Grant A, you will not receive funds while at Cypress College
. However, you can put the grant on reserve until you transfer from Cypress College
to a four-year school.
Cal Grant B: Pays up to $1,473 per year while you are attending Cypress College
Cal Grant C: Is only for two-year vocational students. The maximum Cal Grant C award at Cypress College
is $547 per year
Competitive Cal Grant A and B Awards are offered on a competitive basis to Community College students who did not receive entitlement awards. These awards provide grant funds for access costs for low-income students in an amount not to exceed $1,473.