The Pell Grant Program is federally funded and is designated for undergraduate students working toward their first undergraduate degree. The amount of your grant is determined by the Cost of Attendance, the Expected Family Contribution (EFC) provided by the U.S. Department of Education, and your enrollment status. Pell Grant is awarded per academic year. If you are enrolled full-time (12 or more credit hours), you will receive your full eligibility. If you are enrolled nine to eleven credit hours, you will receive three-fourths of your eligibility. If you are enrolled six to eight credit hours, you will receive one-half of your eligibility. If you are enrolled less than six credit hours, you may be eligible for approximately one-quarter of your eligibility each semester.
A new federal law has placed a limit on the amount of Federal Pell Grant awards a student may receive over his or her lifetime. The federal law will only allow for six full time Pell Grant awards (or 600%). The percentage of Pell Grant funds each student has used is called Lifetime Eligibility Used (LEU.) A full time Pell Grant award is considered 100% for the academic year. A student attending full time uses 50% each term. A student attending full time in Fall would use 50% and full time in Spring would use another 50% totaling 100% used. The six-year equivalent is 600%. If a students LEU equals or exceeds 600%, the student will no longer receive Pell Grant funding. No students are exempt from this and students having used 600% or more will become ineligible for Pell Grant as of Fall 2012. As of July 2012, you may review your LEU on the National Student Loan Database System (NSLDS). You will need your Federal PIN to sign into this site.
To determine if you're eligible for Pell Grant, the US Department of Education uses a standard formula established by Congress. The information used to calculate your eligibility for Pell Grant is based on the information you report when you submit your Free Application for Federal Student Aid (FAFSA). The formula produces an Expected Family Contribution (EFC) number which determines your eligibility for Pell Grant. You may not receive Pell Grant funds from more than one school at a time.