Personal Advice & Planning Menu

Financial Aid Grants

Another form of financial aid for college is the grant. This is money that, unlike a loan, you never have to pay back.

Federal Pell Grant

The most common federal grant for higher education is the Pell Grant. It’s available only to undergraduate students who haven’t earned a degree. In order to get one, a family must demonstrate financial need, based on their income and assets, and on the cost of the school to be attended.

There’s a limited amount of Pell Grant money available to each borrower. For the 2013–2014 award year, the maximum award is $5,645. This figure changes from year to year, based on government funding for the program.

If you are awarded a Pell Grant, it will be applied to your school bill or you will be given a check, at least twice each school year.

Federal Supplemental Educational Opportunity Grant

If your financial need is particularly high, you might qualify for an additional grant, the Federal Supplemental Educational Opportunity Grant (FSEOG). These are given to supplement Pell Grants given to recipients with the lowest expected family income.

These grants range from $100 to $4,000 a year. Like Pell Grants, they’re credited to your account or paid to you directly.

Academic Competitiveness Grant

The Academic Competitiveness Grant was made available to first-year college students for the first time for the 2006-2007 school year. It provides $750 for the first year of study and $1,300 for the second year. It’s available to Pell Grant recipients who have completed a qualifying academic program in high school. Check with your high school’s counseling office to find out if they offer one.


If a student is interested in teaching as a career after college, a TEACH Grant could be the right way to go. A recipient must agree to work as a full-time teacher at a school that serves low-income students for at least four years. You also have to score high on a college admissions test or maintain a grade point average of at least 3.25.


Another non-loan way to cover the cost of college is work-study. Here the recipient works a part-time job in exchange for college expenses. The work is paid by the hour. The employer, typically the school, must allow for a flexible schedule so as not to interfere with school responsibilities. The program encourages community service work and work related to the recipient's course of study.

Source: Visa’s Practical Money Skills for LifeTM 1

You are about to enter a third-party website where all use is governed by that website’s terms and conditions and subject to its privacy and security policy and practices.


Email us

Or call

1.888.FC DIRECT (1.888.323.4732)

Learn more about Digital Banking

Secure account access to keep your finances streamlined and organized

Learn More

Get the Mobile & Tablet Banking app

Make deposits, pay bills, transfer funds and manage your account on the go

Learn More
Email your question or comment

Thank you for your inquiry. A First Citizens Representative will contact you shortly.

An error occurred while sending your request. Please try again.

To get additional information or to send a comment about First Citizens Bank, our products and services, please complete the online form below.

* indicates required field

Request a Call

Thank you for your inquiry. A First Citizens Representative will contact you shortly.

An error occurred while sending your request. Please try again.

Would you like to know more about our products and services? Give us your name, phone number, area of interest and what time is convenient for you. We will have a qualified First Citizens associate contact you to answer your questions.

* indicates required field

Personalize Your Banking Experience

First Citizens Bank product offerings differ from region to region. In order to accurately display information on accounts, rates and special promotions specific to your area, please enter your 5-digit ZIP Code below.


Thank you for your inquiry. A First Citizens Representative will contact you shortly.

An error occurred while sending your request. Please try again.

To contact , please complete the following form.

* indicates required field

Deposit cash or checks without an envelope 24 hours a day, seven days a week

Learn more »

Please Upgrade your browser

Your Browser Is Not Supported – Please Upgrade

In order to view and use certain First Citizens Bank products, services and webpages, we recommend that you use a current version of one of the following browsers. You can upgrade your existing browser by clicking one of the links below. You will need to restart your computer in order to complete the upgrade.

We strongly recommend that you upgrade now.

If you do not upgrade your browser, you may experience functional or display issues on the pages you are attempting to access.