A Federal Pell Grant, unlike a loan, does not have to be repaid. The Federal Pell Grant Program provides need-based grants to low-income students to promote access to postsecondary education.
Grant amounts are dependent on: the student’s expected family contribution (EFC); the cost of attendance (as determined by the institution); the student’s enrollment status (full-time or part-time); and whether the student attends for a full academic year or less.
2016-2017 Amount: Up to $5,815. Awarded by the federal government according to the Pell Grant formula. Learn more >>
Effective on July 1, 2012, you can receive the Federal Pell Grant for no more than 12 semesters or the equivalent (roughly six years). You’ll receive a notice if you’re getting close to your limit. If you have any questions, contact us.