A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are determined by the student’s need (as determined by the FAFSA) and awarded only to students who have not earned a bachelor’s or professional degree. Students must be enrolled for at least three credit hours and be matriculated to be eligible for a Pell Grant.
- Award Amounts: 2016-2017 maximum full time $5815, minimum full time $598
- How to Apply: Complete the FAFSA application
- Duration: PELL Lifetime Eligibility Used (LEU) - The amount of Federal Pell Grant funds you may receive over your lifetime is limited by federal law to be the equivalent of six years (600%) of Pell Grant funding. The maximum amount of Pell Grant funding you can receive each year is equal to 100%.
- Repayment: This is a grant, no repayment is required.