The Federal Pell Grant is a student financial aid program designed to assist students in pursuing their undergraduate degree. The purpose of the Pell Grant is to provide eligible students with a “foundation” of financial aid to help defray the cost of post secondary education. This grant does not have to be repaid, unless the student withdraws from school and owes a refund.
The Free Application for Federal Student Aid (FAFSA) is used to process the Pell Grant. A Student Aid Report (SAR) will be sent to the applicant from the Department of Education communicating the amount of Pell Grant, if any, for which a student qualifies. Full awards are based on a minimum of 12 hours. Students taking between 9-11 hours will be awarded on a three-quarter basis. Those taking 6-8 hours will be awarded on a half-time basis. Students enrolled for less than half-time will be awarded on a less than half-time basis. Awards range from $600 to $5,645 for the 2013-2014 academic year. Students enrolled as undergraduates and have earned a bachelor’s degree are not eligible.
Posted in: Pell Grants