Pell Grant for 2014–2015
July 1st marks the beginning of a new award year for Federal Student Aid, and along with it, some changes for Pell Grant-eligible students.
Pell Grant awards
Between July 1, 2014, and June 30, 2015, you qualify for a Pell Grant if your Free Application for Federal Student Aid (FAFSA) results in an Expected Family Contribution (EFC) between 0 and 5157. Award amounts vary, with a maximum award of $5,730 for the year.
The EFC number is listed on your Student Aid Report (SAR), which is sent to you after the FAFSA is completed.
Lifetime Pell limits
The lifetime limit for Pell eligibility (Pell LEU) is generally the equivalent of six award years, or 12 payment periods, of full-time attendance. The U.S. Department of Education keeps track of how much Pell Grant each student receives.
When you reach this limit, you will no longer be eligible for the Pell Grant. You can see your actual Pell LEU percentage by logging on to the National Student Loan Data System (NSLDS) website.
If you have questions about how these changes affect your financial aid award, please contact your Finance Advisor.