Why pell grants

CFDA Number: The Federal Pell Grant Program provides need-based grants to low-income undergraduate and certain postbaccalaureate students to promote access to postsecondary education. Students may use their grants at any one of approximately 5, participating postsecondary institutions.

Grant amounts are dependent on: the student's expected family contribution EFC see below ; the cost of attendance as determined by the institution ; the student's enrollment status full-time or part-time ; and whether the student attends for a full academic year or less. Financial need is determined by the U. The fundamental elements in this standard formula are the student's income and assets if the student is independent , the parents' income and assets if the student is dependent , the family's household size, and the number of family members excluding parents attending postsecondary institutions.

See more Pell Grant eligibility information. The U. Aid is awarded on a first-come, first-served basis. Your financial aid offers will outline how much the school will cost and what kind of financial aid package you'll receive for one year. Your school can apply Pell Grant funds to school costs; pay you directly, usually by check; or a combination of both.

Quick Info. Program Contact Managing Agency U. Department of Education. Check if you may be eligible for this benefit. Expand Quick Info Section. What is Federal Pell Grants?

Who is eligible for Federal Pell Grants? The amount that you will receive depends on your: Financial Need. Cost of attendance, Status as a full-time or part-time student, and Plans to attend school for a full academic year or less. How do I apply for Federal Pell Grants? Apply for Federal Student Aid. How can I contact someone? Within three weeks, you'll get an official student aid report that details the specific awards you may accept or reject.

Editor's Note: This article contains general information and is not intended to be a substitute for professional advice. Please consult a professional advisor before making decisions about financial issues. View the most relevant school for your interests and compare them by tuition, programs, acceptance rate, and other factors important to find your college home. What Is the Pell Grant? Share on Social. What Is a Pell Grant? Who Is Eligible for a Pell Grant? Below are the three major Pell Grant requirements: Financial Need How much your family earns directly impacts your Pell Grant eligibility.

Degree Type The Federal Pell Grant primarily supports undergraduate students who do not already possess a bachelor's, graduate, or professional degree.