Minnesota Grant Agreement - From Government Assoc.
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FAQ
The grant agreement defines what activities will be undertaken, the project duration, overall budget, rates and costs, the EU budget's contribution, all rights and obligations and more.
Grants are a large source of financial aid, one that doesn't need to be repaid. Often considered need-based aid, grants are like gifts that are awarded to students with the fewest financial resources. This need is determined when you fill out the Free Application for Federal Student Aid (FAFSA).
Enter the Minnesota Future Together Grants. This new program will provide eligible Minnesotans with a tuition-free pathway for earning a certificate, diploma, associate's degree, or bachelor's degree at any public institution in the state.
?Federal Award Identification Number (FAIN)? means the unique identifying number assigned to all Federal financial assistance awards. Also referred to as the agreement number.
Program Overview The State Grant program is Minnesota's largest financial aid program. The program coordinates the federal Pell Grant Program with the State Grant program in assisting Minnesota families. Federal Pell Grant funds are counted before state taxpayer contributions are made through the State Grant program.
Minnesota Future Together Grants are a tuition-free pathway for Minnesotans attending a public higher education institutions in the state.
In addition to standard terms describing grant amounts and purposes, agreements also include provisions regarding intellectual property rights, reporting requirements, and indemnification, among other subjects. Special provisions are included that deal with international philanthropy.
Who is eligible for a state grant? Undergraduate students are eligible for a state grant if they are Minnesota residents who are high school graduates or age 17 or older and able to meet admission requirements of a participating postsecondary institution.