Federal Pell Grants
The Federal Pell Grant, awarded based on a “financial need” formula using FAFSA-submitted criteria, is a non-repayable federal grant for post-secondary education.
The Federal Pell Grant determines eligibility based on criteria submitted through the FAFSA, and it doesn’t require repayment. Pell Grants are awarded to undergraduates without a bachelor’s or higher degree, often forming the basis for additional financial aid.
Eligibility for the Federal Pell Grant Program is determined by a standard need-analysis formula that is revised and approved every year by the federal government. Unlike loans, grants do not have to be paid back. The maximum Federal Pell Grant for 2023-2024 is $7,395 per academic year. In certain situations, an eligible student can receive up to 150 percent of the maximum annual Federal Pell grant amount for an award year. Since the maximum amount of Pell Grant funding you can receive each year is equal to 100%, the six-year equivalent is 600% lifetime maximum for each student.
Year-Round Pell
Section 401(b)(8) of the Higher Education Act of 1965 (HEA), as added by section 310 of the Department of Education Appropriations Act, 2017 (Title III of Division H of P.L. 115-31, the Consolidated Appropriations Act, 2017), allows a student to receive Federal Pell Grant (Pell Grant) funds up to 150 percent of the student’s Pell Grant Scheduled Award for an award year. This provision is effective beginning with the 2017-2018 award year.
Eligibility:
- Must have demonstrated financial need.
- Must be meeting all minimum Satisfactory Academic Progress standards. Visit the Financial Aid Office for more information.
- Must have a completed Financial Aid File and have received official award notification from the Financial Aid Office.
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