Loan but no Pell Grant

Paying for College
1

<p>I am wondering why no Pell Grant. Also, I thought some Ivy Schools were not compelling a loan for low income…can someone help me understand this??</p>

2

<p>It depends on your income. while harvard is looking to reduce/eliminate loans and the EFC for families making under $60,000 per year, this amount is more than double the income guidelines to recieve a pell grant. </p>

<p>Example:
A student with a zero EFC has
the most need and receives the largest possible amount for a Federal
Pell Grant. A student with an EFC above the cutoff point is not
eligible for a Federal Pell Grant.</p>

3

<p>Just to add a little to sybbie’s helpful post, the cut off for 2004-2005 was a FAFSA EFC of 3850.</p>

4

<p>and I had recieved Pell Grants for my first two years. My school gave me a grant but it seems odd that this year I didn’t get Supplemental Opportunity nor Pell. They upped the Stafford Loan amount and upped my work study. Thanks for the help…the income is way under the $60,000.</p>

5

<p>I know junior and senior year students are eligible for higher amount of subsidized stafford loan
Does your school offer subsidized Perkins loans?
The govt formulation has changed apparently.
<a href=“http://www.boston.com/news/nation/articles/2005/06/12/many_students_to_lose_us_school_aid/[/url]”>http://www.boston.com/news/nation/articles/2005/06/12/many_students_to_lose_us_school_aid/&lt;/a&gt;&lt;/p&gt;

6

<p>Similar news here.</p>

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