How do I apply?
Anyone can apply for a Federal Pell Grant by submitting a Free Application for Federal Student Aid (FAFSA) form. The student's school will use this information to determine whether the applicant is eligible for a Pell Grant and the amount they can receive. Students must fill out a FAFSA form each year they're in school to remain eligible for financial aid like a Pell Grant.
How much money could you get with a Federal Pell Grant?
The Federal Pell Grant maximum changes each year. For the 2023-24 school year, the maximum Federal Pell Grant award is $7,395.
However, the amount an eligible applicant receives depends on the following factors:
- The student's expected family contribution (i.e., the index number used to determine the amount of financial aid the student is eligible to receive).
- The cost of attendance as determined by the student's school for their specific program
- Their status as either a full- or part-time student
- Their attendance plans (either for the full academic year or less)
Eligible students can receive a Federal Pell Grant for as many as 12 full-time terms, equivalent to about six years.
How do I receive the money?
The school will receive the Federal Pell Grant money. It will typically apply the grant money toward the student's costs (tuition, fees, and room and board if they live on campus).
If there are leftover funds, the school will disburse this money directly to the student to help cover a portion of their school-related costs like books. The school typically pays the student any extra money once per term.
