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qualify_for_a_pell_grant [2018/03/06 00:01]
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qualify_for_a_pell_grant [2018/06/12 17:55] (current)
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**News update on Pell Grant award limits**: **News update on Pell Grant award limits**:
-Changes to Pell Grant award legislation increased the current maximum award level to $5775. There is still an overall limit to the amount of Pell Grant awards you can receive in your lifetime. That limit has been set at the "equivalent" of 12 semesters of awards.+Changes to Pell Grant award legislation increased the current maximum award level to $6095 for the 2018-2019 academic year. And remember, if you qualify you can now use Pell Grants for summer sessions and career school programs.
To calculate what your equivalent receipt of awards is, you need to determine what portion of any given academic year you were actually enrolled. So, if you were scheduled to receive the maximum award of $5775 in a given year, but you were only actually enrolled for half a year, your amount of the award used would be calculated at one-half times 100% equals 50%. If you enrolled for just one-quarter of the year you would have used 25%. Your total use to date will be calculated and capped at 600% -- or the equivalent of 6 years of full-year enrollment. If you are just now planning for college, this should still appear to be a very generous award program. If you have been receiving Pell money for some time, you may find yourself unexpectedly capped and ineligible for future awards. To calculate what your equivalent receipt of awards is, you need to determine what portion of any given academic year you were actually enrolled. So, if you were scheduled to receive the maximum award of $5775 in a given year, but you were only actually enrolled for half a year, your amount of the award used would be calculated at one-half times 100% equals 50%. If you enrolled for just one-quarter of the year you would have used 25%. Your total use to date will be calculated and capped at 600% -- or the equivalent of 6 years of full-year enrollment. If you are just now planning for college, this should still appear to be a very generous award program. If you have been receiving Pell money for some time, you may find yourself unexpectedly capped and ineligible for future awards.
{{ :discover_article_pell_copy.png|}}Now that you know whether you are eligible - even with the changes in the program, act fast to complete and submit your [[free_application_for_federal_student_aid_fafsa|FAFSA]] (and remember, it's free to do that!). Ongoing negotiations in Washington regarding the U.S. budget and the amount of debt our nation can reasonably sustain could impact the amount of money available to fund Pell Grants in 2014 and beyond. {{ :discover_article_pell_copy.png|}}Now that you know whether you are eligible - even with the changes in the program, act fast to complete and submit your [[free_application_for_federal_student_aid_fafsa|FAFSA]] (and remember, it's free to do that!). Ongoing negotiations in Washington regarding the U.S. budget and the amount of debt our nation can reasonably sustain could impact the amount of money available to fund Pell Grants in 2014 and beyond.
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qualify_for_a_pell_grant.txt · Last modified: 2018/06/12 17:55 by admin