Grants are awards which do not need to be paid back. Federal Pell Grants are available to undergraduate students. The award amount is calculated based on EFC. Federal Supplemental Education Grants (FSEOG) are available to undergraduate students with exceptional financial need. TEACH Grants are awarded to students who agree to serve as a highly qualified full-time teacher in a high-need field in a public or private elementary or secondary school that serves students from low-income families.