SMART grants are awarded along with the student's pell grant award, so a student must complete and submit a FAFSA to apply. The total of the SMART grant added with the Pell Grant can not be greater than the student's total attendance cost for any given semester. In any fiscal year—if the number of grantees is large enough that payment of full grant amounts would exhaust the program's budget—the amount of the award to each eligible student may be decreased.
To receive payment during any semester, the student must be enrolled in at least one course required for the eligible National SMART Grant major. Any student who is enrolled in electives or general education courses to satisfy general degree requirements, but who is not enrolled in at least one course specific to the eligible major, does not qualify for a National SMART Grant payment during that payment period.