2020 is a great year to take advantage of the Federal Pell Grant program. The Pell Grant is a need-based grant that helps students pay for college or career school. The amount of the grant is based on the student’s financial need, cost of attendance, and enrollment status.
The maximum amount of Federal Pell Grant funds a student can receive each award year is equal to 100%. However, the amount of Federal Pell Grant funds a student may receive over their lifetime is limited by federal law to the equivalent of six years of Pell Grant funding. This means that the maximum amount of Pell Grant funding a student can receive over the course of their college career is 600%.
It is important to note that a student’s eligibility for Pell Grant funds is not based on the number of years they have been enrolled in college. A student may receive Pell Grant funds for as many years as they are eligible, regardless of the number of years they have been enrolled.
In order to be eligible for Pell Grant funds, a student must meet certain criteria. These criteria include being a U.S. citizen or eligible non-citizen, having a valid Social Security number, having a high school diploma or equivalent, and being enrolled in an eligible program of study.
It is also important to note that a student’s eligibility for Pell Grant funds is determined by the Free Application for Federal Student Aid (FAFSA). A student must complete the FAFSA each year in order to determine their eligibility for Pell Grant funds.
In conclusion, the amount of Federal Pell Grant funds a student may receive over their lifetime is limited by federal law to the equivalent of six years of Pell Grant funding. A student’s eligibility for Pell Grant funds is determined by the FAFSA and is not based on the number of years they have been enrolled in college. It is important for students to understand their eligibility for Pell Grant funds in order to make the most of their college experience.