This program has been placed on SUSPENSION for the 2012-2013 academic year and applications will not be accepted.
Description:
The Postsecondary Education Grant (PEG) is a student-centered, non-need based grant (forgivable loan) designed to financially support and to encourage students to attend a private postsecondary baccalaureate degree granting institution in Arizona. The maximum grant is $2,000 per year for up to four years to be applied toward tuition, books and fees. The funds must be repaid to the PEG Grant fund if the student fails to achieve a bachelor’s degree in five years.
Minimum Qualifications:
- Must be a U.S. Citizen or an eligible noncitizen.
- Must be a resident of Arizona for at least the previous 12 months at the time of application completion. OR a member of the military service of the United States stationed in this state or the spouse or dependent of a member of the military service of the United States stationed in this state.
- In the upper 50% of your high school class or have a GPA of 2.5 (or equivalent) or if 22 years of age or older can meet your colleges readiness requirements.
- Students must enroll at least half time in a baccalaureate program at a nationally or regionally accredited private postsecondary educational institution in Arizona.
- Must maintain satisfactory academic progress as determined by the institution
Program Details:
- Students must complete their first baccalaureate degree within five years from the date of the initial disbursement. Should a student not complete their bachelor degree within the five year time frame the student must repay all funds back to the PEG Grant fund. Students must complete a promissory note each year during the application process.
- Students enter into repayment if the student is not enrolled full-time for more than twelve consecutive months.
- Students must complete the Free Application for Federal Student Aid (FAFSA) each academic year. The Commission will automatically receive a copy of the FAFSA once it is processed by the US Department of Education.