Understanding the National SMART Grant Scheduled Award [Education]
Definition & Meaning
The term National SMART Grant Scheduled Award refers to the maximum financial aid amount available to eligible full-time students in their third, fourth, or fifth year of college. This grant is part of the National Science and Mathematics Access to Retain Talent Grant program, which aims to support students pursuing degrees in science, technology, engineering, and mathematics (STEM) fields.
Legal Use & context
The National SMART Grant Scheduled Award is primarily used in the context of federal financial aid for higher education. It falls under the jurisdiction of educational regulations managed by the U.S. Department of Education. Students applying for this grant must meet specific eligibility criteria, which include being enrolled in a qualifying degree program and maintaining satisfactory academic progress.
Real-world examples
Here are a couple of examples of abatement:
Example 1: A full-time student in their third year pursuing a degree in engineering applies for the National SMART Grant and receives the scheduled award to help cover tuition costs.
Example 2: A fourth-year biology major qualifies for the National SMART Grant, which assists with educational expenses, allowing them to focus on their studies without excessive financial burden. (hypothetical example)