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The federal government offers students with the opportunity to obtain needed college funds through the Academic Competitiveness Grant, or ACG. This grant may be used in conjunction with Pell Grants. Unlike Pell Grants, however, the ACG is performance-based. It is designed for those who are enrolled in the first or second year of their college education. Application is open to all students who submit a Free Application for Financial Student Aid at www.fafsa.ed.gov.