Do a lot of first time college students get the max. pell grant? And what is the criteria considered?
2007-03-17 14:25:47 · 4 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
No, the Pell Grant is based on family income and family savings along if they have a mortgage. It can also include your own earnings and savings. A larger percentage of a student's savings account is considered for contributing to college than a family savings account. After the form is filled out and sent, the student is given an EFC which is called the Estimated Family Contribution. If the EFC is higher than 4000 something, they do not qualify for Pell Grants. I have included some links that should help with financial aid specifics.
2007-03-17 14:52:14 · answer #1 · answered by dawncs 7 · 1⤊ 0⤋
Pell grants are usually awarded based on credit load. If you take max credits and you have little or no EFC, then you will most likely get max grant. If you go part time, you get awarded less. If your EFC is high, you will get awarded money minus the EFC amount and based on credits.
2007-03-17 14:35:00 · answer #2 · answered by Dorothy K. 7 · 0⤊ 0⤋
I never got a grant until I was in my 30's and dirt poor. If you're a single mom, that helps.
2007-03-17 14:33:48 · answer #3 · answered by littlechrismary 5 · 1⤊ 0⤋
It's usuallu 2025 each semester. 4050 for the year. After each year, it goes up depending on grades.
2007-03-17 19:10:56 · answer #4 · answered by ? 2 · 0⤊ 1⤋