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Federal Pell Grants

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Federal Pell Grants

The Federal Pell Grant Program is the largest need-based student aid program. According to the College Board, an estimated 3.7 million undergraduates received Pell Grants.

For many students, these grants are the foundation of their financial aid package. Pell Grants are only awarded to undergraduate students who have not earned a bachelor's or professional degree.

To apply for a Pell Grant, you must submit a Free Application for Federal Student Aid (FAFSA).

Awards depend on program funding. You can receive only one Pell Grant in an award year.

The size of a student's Pell Grant award depends on:

1. The student's need
2. The student's Expected Family Contribution (EFC) and Cost of Attendance (COA)
3. Whether the student is enrolled on a full-time or a part-time basis
4. Whether the student attends school for a full academic year or less
5. How much money the program receives from the federal government

Students who participate in a study-abroad program that costs more than their usual tuition may be eligible for additional Federal Pell Grant aid to help cover those costs. (Check with your financial aid office.)