Claiborne pell of rhode island the chief sponsor of. The maximum pell grant for the 2015 16 award year july 1 2015 to june 30 2016 is 5 775.
Federal law mandates a lifetime limit equivalent to six years of pell grant funding.
How to get the most pell grant money. It s how you access federal state and. And if you are fortunate enough to have several kids going to college you ll become an expert at minimizing how much fafsa money you ll need to pay for your child s education. Pell grant payment schedule chart.
You ll need your social security card tax information and pay stubs if available. Borrow only what s needed and opt for federal student loans whenever possible. How to get pell grants.
Be strategic about borrowing. In simpler terms that means you can receive up to the max pell grant limit every year for a total of six years. Gather up your important documents.
Our pell grant calculator guide will walk you through estimating your award amount. Https fafsa ed gov applicants that are eligible for the pell grant can receive up to 5 645 00 in pell grant award amount. Learn more about pell grants.
You re also likely to get a larger award if you re a full time student. Since the maximum award you can receive in one year is 100 of available pell grant aid you are then over your college career limited to 600 of available pell grant funding. The amount depends on your financial need costs to attend school status as a full time or part time student and plans to attend school for a full academic year or less.
As long as you meet your school s financial aid deadline you ll receive your pell grant in full. To apply complete the fafsa. Most pell grant awards are granted to students whose families make less than 30 000 per year 25 35 of pell grant awards are granted to students whose families make between 30 000 60 000 per year the smaller your efc the more pell grant money you re likely to receive.
However it s always a good idea to. The maximum pell grant amount is available to applicants that have a zero efc expected family contribution score. What students can do.
Filling out fafsa to get a maximum pell grant award isn t impossible but it does take planning and careful preparations. If you ve locked down all the pell grant eligibility requirements the next thing you ll want to consider is how much pell grant money you could receive for more detailed information you could check out our post on pell grant limits. Created in 1972 the federal pell grant program has been awarding grants to students since the 1973 1974 school year.
It was named after sen. Fill out the free application for federal student aid or fafsa on time every year.