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Are there minimum ACG or SMART awards? Why would a student not receive the maximum award available for the respective grant?

April 26, 2017acg award awards maximum minimum respective SMART student

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Are there minimum ACG or SMART awards? Why would a student not receive the maximum award available for the respective grant?

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A2: There are no minimum amounts for ACG/SMART. The maximum amount for ACG 1st year is $750 and for 2nd year is $1300. The maximum amount for SMART for 3rd and 4th year is $4000 each year. An institution must decrease the total aid amount (does not necessarily have to be ACG/SMART) if the maximum amount allowed will over award a student. In this regard, the over award rules resemble SEOG more than PELL.