Sunday, August 21, 2011

What Is the Minimum Credit Hours Needed to Get a Pell Grant?

The Federal Pell Grant Method presents fiscal aid to qualified lower-cash flow pupils.

The Pell Grant Plan is a Federal Method that presents monetary help to reduced-earnings school college students in purchase make publish-secondary schooling much more available. Only pupils that meet the eligibility needs can obtain Pell Grant funds.

Enrollment

The student should be enrolled in an undergraduate Method at minimum fifty percent-time. 50 %-time is regarded as 6 credit score hrs per semester or twelve credit score several hours per yr. Complete-time is thought to be twelve credit score several hours a semester or 24 credit score several hours per 12 months. Pupils enrolled 50 %-time might only acquire 50 % of the Full awarded Pell Grant amount.

Degrees

College students that maintain a Bachelor's degree or greater are not qualified for Pell Grant funds. Even a degree from a non-accredited Plan will make a student ineligible. Pupils ought to be operating toward their initial bachelor's degree. Keeping an affiliate-degree degree or equivalent does not impact eligibility.

Qualified Family members Contribution

A student's Qualified Household Contribution (EFC) is established by finishing the Federal Application for Federal Student Assistance (FAFSA). The FAFSA ought to be finished by the student yearly and decides how considerably a student's Household can manage to lead to the price of higher education. As of 2010-2011, the optimum Pell Grant award is $5,500 per 12 months.

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