Federal Pell Grant
The Pell Grant Program is the largest of the Federal Student Aid grant programs and provides a "foundation" of financial aid to which assistance from other federal and non-federal sources may be added. The Pell Grant is available only to degree-seeking undergraduate students who have never received a baccalaureate degree.
The maximum annual Pell Grant for the award year may change from year to year according to Congressional appropriation. Pell Grant eligibility is based on the Expected Family Contribution (EFC) which is determined from the Free Application for Federal Student Aid (FAFSA). The amount of Pell Grant that is disbursed varies in accordance with students’ enrollment status. One annual Pell Grant award provides two full time terms of eligibility.
Effective beginning in the 2011-2012 award year, students may NOT exceed 100% of their annual Pell eligibility, which is the equivalent of two full time terms.
The amount of Federal Pell Grant funds a student may receive over his or her lifetime is limited by a new federal law to be the equivalent of six years of Pell Grant funding. Since the maximum amount of Pell Grant funding a student can receive each year is equal to 100%, the six-year equivalent is 600%.
For more information about how Pell Grant Lifetime Eligibility is calculated, please visit http://studentaid.ed.gov/types/grants-scholarships/pell/calculate-eligibility.