The Federal Pell Grant is the largest federal grant program and is based on financial need. There is no minimum grade point average or other academic requirements, as long as you attend an eligible school. The 2013 – 2014 amounts are $5,645 per year, or $2,822 dollars per semester. This program is estimated to award up to $3,040 to eligible students for the 2012-13 academic year.
The U.S. Department of Education determines your eligibility based on your answers on the Free Application for Federal Student Aid (FAFSA). Submit your FAFSA as soon after January 1 as possible.
If you receive a Pell Grant, your school will credit your college account with the grant amount, pay you directly, or both. The federal government guarantees that each participating school will receive enough funding to pay the Pell Grants of all eligible students.
- Student must be pursuing their first undergraduate degree.
- Student must be U.S. citizens or eligible non-citizens.
- Student must have a high school diploma, GED, or demonstrate the ability to benefit from the program offered.
- Incarcerated students.
- Students who owe a refund on a Title IV grant.
- Students in default on a Title IV loan.
- Males who have not registered with the Selective Service.