Federal Pell Grant

A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded to undergraduate students who have not earned a bachelor's degree. Grant amounts depend on: the student's expected family contribution (EFC); the institution's estimated cost of attendance; the student's enrollment status (full-time, part-time, three-quarter time, or less than half-time); and whether the student attends for a full academic year or less. Students may not receive Federal Pell Grant funds from more than one school at a time.

Note: There is an aggregate limit to the amount of Pell you can receive during your academic career from all attended schools. The Department of Education monitors these amounts and notifies the school if you still maintain eligibility.