Award Amount
The grant awards a maximum of $4,000 a year. The amount of the SMART Grant, when combined with a Pell Grant, may not exceed the student's cost of attendance. In addition, if the number of eligible students is large enough that payment of the full grant amounts would exceed the program appropriation in any fiscal year, then the amount of the grant to each eligible student may be ratably reduced.
According to the Binghamton University website, "The SMART Grant program is only funded through the 2010-11 academic year. The grant will not be available for the 2011-2012 year and beyond." The SMART Grant was dissolved in April 2011.
Read more about this topic: National Science & Mathematics Access To Retain Talent Grant (National SMART Grant)
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