Federal Pell Grant
Type of Aid: Grant
Source of Funds: Federal. U.S. Congress appropriates funds. Department of Education administers and regulates program.
Eligibility Criteria: U.S. citizen or permanent resident, financial need, satisfactory academic progress. This grant is available to students seeking their first Bachelor’s degree.
Application Form(s) Required: Free Application for Federal Student Aid (FAFSA)
Application Procedures: File FAFSA/Renewal
Application Deadline: Plan to apply at least a few weeks before start of classes.
Amount of Award:Variable. Maximum award for 12-13 Academic Year is $5,550.
Pell Grant Limitations:
As of the 2012-13 academic year, Pell recipients may utilize a lifetime maximum of 12 full-time semester awards, or the equivalent. See how the Department of Education calculates your Pell usage.
You can only have Pell grants at one school at a time. If you are dually enrolled at more than one school in a given semester, you can only have Pell Grant at one of the schools.
Grant and Scholarship Comparison Chart |
|||||
Need Based? |
Minimum Enrollment |
Graduate Students |
Lifetime Limit? |
On-Time FAFSA Filers Only |
|
Yes |
1 credit hour |
No |
12 semesters |
No |
|
Yes |
6 credit hours |
No |
No, but must be Pell Grant eligible |
No |
|
No |
6 credit hours |
No |
12 semesters |
Yes |
|
Yes |
12 credit hours |
Professional Medicine Only |
8 semesters |
Yes |
|
No |
12 credit hours |
Professional Medicine Only |
8 semesters |
Yes |
|
Yes |
12 credit hours |
No |
8 semesters |
Yes |
|
Yes |
12 credit hours |
No |
8 semesters |
Yes |
|
No |
1 credit hour |
Yes |
124 credit hours |
No |
|
No |
12 credit hours |
No |
8 semesters |
> No |
|
Varies |
Varies |
Typically, no |
Varies |
Varies |
|