Pell Grant

Paying for College
1

<p>Is there a maximum numbers of years one can receive the pell grant?</p>

<p>For example: If someone completed their undergraduate education in 5 years instead of 4, could they receive the pell grant for all 5 years, as long as their EFC was low?</p>

<p>I have done several searches and I can not find an answer to this.</p>

2

<p>Yes you can receive Pell for the fifth year of undergrad as long as the program you’re in usually leads to a degree in 4 or 5 years.</p>

<p>[IFAP</a> - Student Financial Aid Handbooks](<a href=“http://ifap.ed.gov/sfahandbooks/0304Vol3PellGrant.html]IFAP”>http://ifap.ed.gov/sfahandbooks/0304Vol3PellGrant.html)</p>

3

<p>Five years won’t be a problem. However, the never-ending Pell gravy train is ending for students in the future. Beginning in 2009-10, there will be a cap on the number of full Pell awards a student may receive in his college career. At the same time, students will become eligible to receive Pell year-round. A student will now be able to receive up to two full Pell grants in the same aid year. A local community college uses a summer header & a spring footer. Students at that school will be able to receive 2 full Pell awards if they are full time each of the 4 terms. At most schools, students will really only be able to receive up to 1-1/2 full Pell awards in an academic year. This is a change from the current system of 1 award per academic year. The number of full awards will be limited to 9 - it is actually not that simple, because you really have to add %'age used. Anyway, this will definitely affect students at the end of their college career in the future.</p>

4

<p>Thank you. I was wanting to know for summer semesters, but I put it in simplier terms by just saying a 5th year.</p>

<p>Hopefully more information will come out soon about more than one full Pell Grant a year.</p>

<p>Do you have a link to that information kelsmom?</p>

5

<p>My efc is 1826. How much will my pell be?</p>

6

<p>3500 for the year. If you drop below full time, the award is prorated. (assumes COA for year is at least $3000)</p>