The Federal Pell grant is a federally funded program for students with extreme financial need, based on the Free Application for Federal Student Aid (FAFSA). Federal legislation limits Federal Pell Grant funds to students who have not earned a bachelor's degree. Your Expected Family Contribution (EFC) calculated by the FAFSA, estimated costs, and enrollment status determine the amount of the Federal Pell Grant.
The Federal Pell Grant will be disbursed only if you have not already received the lifetime maximum amount which is the equivalent of 12 full-time enrollment semester awards. The FAFSA processor will calculate the percentage amount you have received, and the maximum is capped at 600 percent. The percentage received is based on the annual award at full-time enrollment status. For one academic year (summer, fall and spring semesters), students may receive up to 150 percent.
For example, if you are awarded full-time for the two semesters, the percentage used is 100 percent. If you are awarded for only 9 credits for two semesters, the percentage used for the academic year is 75 percent. If you are awarded full-time for 3 semesters (summer, fall, and spring), the percentage used for the academic year is 150 percent.