Financial Aid Pell Grant

Financial aid Pell grants are need-based grant programs. 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 financial aid 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

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: While you should always exhaust all types of financial aid before applying for a loan that needs to be repaid, if you do not qualify for a Pell Grant, you may still be eligible for other types of financial aid.