Maximum Amounts for a Pell Grant

Pell Grants have served thousands and thousands of People in the usa show up at higher education

The federal govt dollars and distributes Pell Grants to lower-cash flow pupils attending schools or universities. The highest award alterations every year because of to inflation and was set at $five,500 for the 2010-2011 higher education yr.

Essentials

Pell Grants are federal scholarships, that means that recipients do not have to pay out again the dollars, and made to support reduced-earnings college students attend school. Pell Grants started in 1972 and have aided hundreds of thousands of People in america attend university.

Optimum

The greatest Pell Grant award is indexed to inflation and modifications annually. The greatest award in the course of the 2010-2011 university 12 months -- July 1, 2010, to June thirty, 2011 -- was $five,500. Nonetheless, pupils may possibly be qualified for two Pell Grants in 1 educational 12 months if the student can show that the 2nd grant considerably accelerates their progress toward a diploma. Pupils can use for up to eighteen semesters -- or 6 educational a long time -- of federal aid.

Eligibility

Pell Grants are want-based mostly, which means that college students qualify based mostly on their lack of sources; grades and test scores do not issue. Pupils need to be enrolled in a publish-secondary institution, Nonetheless. College students applying for Pell Grants need to fill out the Free of charge Application for Federal Student Aid, or FAFSA.

Calculation

Award quantities are established by means of a method that will take into account tuition fees at your college, your revenue and sources, your family's revenue and assets, your family's anticipated contribution to your education and learning, and regardless of whether you are a portion-time or total-time student. If your mother or father or guardian died in the course of army support in Iraq or Afghanistan, you immediately are awarded the optimum sum.