National SMART Grants are awarded based upon the analysis of the FAFSA, cost-of-attendance, enrollment status (full-time only), academic achievement (a 3.00 grade point average or above), and enrollment in an eligible science, engineering, math, or foreign language four-year program. SMART grants are awarded only to undergraduate U.S. Citizens who qualify for the Federal Pell Grant and are in their third or fourth academic year of study. The Office of Student Financial Aid and Scholarships will notify students who are eligible for the SMART Grant.

The United States Department of Education uses a standardized formula, established by Congress and called the Federal Needs Analysis Methodology, to evaluate the information you report on the FAFSA. The formula produces an Expected Family Contribution (EFC) number. The EFC number can range from zero to 99,999 or higher. Your Student Aid Report (SAR) contains this number and will tell you if you are eligible for a Pell Grant. You may request a booklet called the EFC Formula Book, which describes how a student's EFC is calculated, by writing to:

Federal Student Aid Information Center
P.O. Box 84
Washington, DC 20044-0084

The annual amount of the National SMART Grant for 2007-2008 is $4,000.