Virginia Grant Agreement

State:
Multi-State
Control #:
US-ENTREP-0038-5
Format:
Word; 
Rich Text
Instant download

Description

Grant agreement is a legal instrument of financial assistance between a Federal awarding agency or pass-through entity and a non-Federal entity. The Grant Agreementis a written document memorializing the terms and conditions of an Award granted pursuant to the Plan and shall incorporate the terms of the Plan.
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FAQ

A federal grant in aid is federal money granted to a recipient to fund a project or program. Federal grants in aid are not loans and therefore require no repayment. Federal grants can be awarded to university faculty members to pursue a particular line of research.

Athletic-Grant-In-Aid: Financial Aid that consists of tuition, books, fees and room & board, note that transportation and miscellaneous are not included in this figure. Counter: An individual who is receiving institutional financial aid that is countable against the aid limitations in a sport.

Grant-in-aid: An athletic grant-in-aid (also called financial aid or an athletic scholarship) is a financial aid agreement made between an athlete and his or her head coach.

That amount is based on the value of a full scholarship or what we call, a Full Grant-In-Aid (FGIA). A FGIA is financial aid that consists of tuition, permissible fees, room, board, textbooks, and other expenses related to attendance at the institution up to the cost of attendance (COA).

A grant is a form of financial aid that doesn't have to be repaid (unless, for example, you withdraw from school and owe a refund, or you receive a TEACH Grant and don't complete your service obligation).

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.

Applicants must reside in an approved residence and meet a variety of other criteria. Initially designed only for persons receiving Supplemental Security Income (SSI), in recent years the eligibility criteria have become less restrictive and today persons with income over $771 per month can receive assistance.

ARPA is a federal grant derived from the American Rescue Plan Act for undergraduate Virginia residents. You must enroll for 6 or more credits per term and be making satisfactory academic progress to receive this award. ARPA funding is only expected to be available for this Aid Year (2022-2023).

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Virginia Grant Agreement