The Federal Pell Grant provides up to $7,395 per year in free money for college to undergraduate students with exceptional financial need. Unlike loans, Pell Grants do not need to be repaid. Over 6 million students receive Pell Grants each year, making it the foundation of federal financial aid for low income students.
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Pell Grant Eligibility
To receive a Pell Grant, you must be an undergraduate student enrolled in an eligible degree or certificate program, have financial need as determined by the FAFSA, be a U.S. citizen or eligible noncitizen, and have a high school diploma or equivalent. Most students from families earning under $60,000 qualify for some Pell Grant funding.
Pell Grant Amounts
The maximum Pell Grant is $7,395 per year. Your actual award depends on your Expected Family Contribution (EFC), enrollment status (full or part-time), and cost of attendance. Students enrolled less than full-time receive prorated awards. You can receive Pell Grants for up to 12 semesters (6 years of full-time enrollment).
Applying Through FAFSA
Complete the Free Application for Federal Student Aid (FAFSA) at StudentAid.gov. You are automatically considered for the Pell Grant based on your financial information. The FAFSA opens October 1 each year. Apply early for the best chance at additional aid. You must renew the FAFSA each year to continue receiving Pell Grants.
How Pell Grants Work
Pell Grants are paid directly to your school and applied to tuition, fees, and room and board. If the Pell Grant exceeds your school charges, you receive the remainder as a refund for books, supplies, and living expenses. Pell Grant recipients may also qualify for additional benefits like free government phones and free tablets.
Frequently Asked Questions
The maximum Pell Grant is $7,395 per year. Your actual award depends on your financial need, enrollment status, and cost of attendance. Part-time students receive prorated amounts.
Undergraduate students with financial need qualify. Most students from families earning under $60,000 receive some Pell Grant funding. You must complete the FAFSA to be considered.
No, Pell Grants are free money that does not need to be repaid as long as you maintain satisfactory academic progress. However, if you withdraw from classes, you may need to return a portion of the grant.
