The Academic Competitiveness Grant is a new grant program that began in the 2006-2007 award year for full-time undergraduate students enrolled in an eligible program, who receive Federal Pell Grants and are U.S. citizens. Students also must have completed a rigorous secondary school program of study and be enrolled in at least a two-year academic program acceptable for full credit toward a bachelor’s degree. You may be awarded up to $750 for your first year and $1,300.00 for your second academic year.