As new resources are added to the student's financial assistance for the academic year, federal regulations governing the institution may require a small number of students to repay certain federal funds. In addition, the type of funds that certain students receive may also require that the institution withhold taxes from the proceeds of the scholarship. Financial support based on academic achievement or other criteria that may include financial need. A grant recipient is selected based on specific criteria, which is typically set by the federal or state governments or the institution. Generally the proceeds of the grant are used to offset the cost of the student's education for an upcoming or current academic year for performance or criteria met during the previous academic year.
Agencies receive a yearly report of recipients.
As new resources are added to the student's financial assistance for the academic year, federal regulations governing the institution may require that a small number of students repay certain federal funds. In addition, the type of funds that certain students receive may also require that the institution withhold taxes from the proceeds of the grant. Annually Funded An account that has no endowment to support it. May be non-recurring. An academic job held by a student, which involves pay for services rendered.