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.
Up to $5,775. Awarded by the federal government according to the Pell Grant formula.
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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.