Federal Pell Grants are targeted
to undergraduate students with very high financial need.
The amount of your Pell Grant is determined by the size
of your Expected Family Contribution
(EFC), the school’s Cost of Attendance, your enrollment
status, and whether you attend for part or all of the school’s
academic year.
As with all education grants, the
Federal Pell Grant program does not have to be repaid. However,
unlike other federal grant programs, Pell Grants are considered
an Entitlement Program – which means that the federal
government awards the funds, regardless of which eligible
school you decide to attend.
Federal
Pell Grant Eligibility Information And Award Amounts |
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The maximum Pell Grant eligibility varies each award year,
based on available federal funding. Pell Grant award amounts
can change yearly. For the 2007-2008 academic year, the minimum
award for those who qualify is $400, and the maximum award
is $4,310.
Remember: Even if your need is not high enough to qualify
for a College Pell Grant, you may still be eligible for other
forms of financial aid.
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