The Federal Pell Grant is awarded based on receipt of the Free Application for Federal Student Aid (FAFSA), the student's Expected Family Contribution (EFC), and enrollment level. The Federal Pell Grant is the basic foundation for awarding other types of student financial aid. Awards range from $605 to $5,645 for 2013-2014 aid year. Students who do not use all of their eligibility for the 2013-2014 aid year during the Fall 2013 and Spring 2014 semesters may be able to use their remaining eligibility during Summer 2014.
Pell-eligible students must:
» Submit the FAFSA and meet Federal Student Aid program requirements (e.g. U.S. Citizen or
eligible noncitizen; have a valid Social Security Number, etc.);
» Have an EFC between 0 and 5081 for the 2013-2014 aid year;
» Be an undergraduate enrolled in a degree-seeking program
Enrollment levels (full-time, three-quarter-time, half-time, and less than half-time) are determined based on projected or actual enrollment with subsequent adjustment based on actual enrollment each semester. Final Federal Pell Grant eligibility is determined and awards are finalized each semester on the Pell Census date that corresponds to the end of the 100% refund period.
Limitations of the Federal Pell Grant
A student that has already earned a bachelor's or first professional degree is not eligible for a Federal Pell Grant. Additionally, students incarcerated in a federal or state penal institution are not eligible for a Federal Pell Grant.
Students may only receive the Federal Pell Grant for the equivalent of six years. An eligible student may receive up to 100% of the Pell Grant funding during each year that they are eligible. Therefore, the six year limit is equal to 600% of Pell Grant funding. More information about the Federal Pell Grant Lifetime Eligibility limit can be found at studentaid.ed.gov.
317-274-5555 420 University Blvd. Indianapolis, IN 46202 AskIU@iu.edu