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What EFC number will make you eligible for the maximum Pell Grant?
Wiki User
∙ 11y ago
For 2013-2014, students with EFC's
between 4995 and 5081 are eligible for a Pell
grant for the first time. (The new maximum EFC is 5081.) There is also a modest increase in the minimum and maximum award amounts. (The minimum award is set slightly higher than the required 10% of the maximum by the Dept of Education to make their numbers work.)
You can calculate your EFC in the related link.
The following contains both maximum and minimum award amounts with regard to enrollment status:
- Full-time: 5,550 | 577
- 3/4 time: 4,163 | 563
- 1/2 time: 2,775 | 575
- 1/4 time: 1,388 | 563
As far as your EFC goes, the lower your EFC is, the better your chances are at receiving the full amount, with EFC values at zero almost always qualifying for the entire amount. The higher it costs to attend your college, the greater your likelihood of receiving more aid by way of the Pell Grant, as this is commonly referred to as your cost of attendance by financial aid people.
Wiki User
∙ 11y ago
Wiki User
∙ 10y agozero
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What is the maximum yearly income for PELL grant elegibility?
There are really alot of things that determine the pell grant amount. Independent or not. Assets. But basically its aimed for students with incomes under 20k. This does not mean if you make 25k you will get nothing. Your contribution will be more.
Is the Pell Grant the same as FAFSA?
The Pell grant is not the same as the FAFSA. The FAFSA stands for Free Application for Federal Student Aid and it is what you fill out to find out if you are eligible for federal financial aid, including the Pell grant.
What are the interest rates on Pell grants?
The interest rates on Pell grants are actually 0%, as they are considered need-based grants and do not accrue interest. Pell grants are awarded to undergraduate students based on financial need and do not need to be repaid, making them a valuable form of financial assistance for eligible students.
Can I obtain Pell grants after the application deadline?
There are a lots of organizations that provide financial aids and grants for students like you. One of these is Federal Pell Grant. They will pay your tuition for you. All you have to do is be eligible for the grant.
How do I find out if I am eligible for any pell grants?
The best way to find out about pell grant and eligibility is by accessing the official website. More information can be obtained at www2.ed.gov/programs/fpg. Im a working woman who would like to know what it the yearly income limit that you can earn in order to become eligible for a pell grant
Where could I find info about getting a pell grant for school?
You need to fill out FAFSA so they can determine whether you're eligible for the Pell Grant or any other grants. Here's their website: http://www.fafsa.ed.gov/
What grant is considered the foundation of financial aid?
The Pell Grant!, i just took the quiz on apex
What does it mean if your EFC number is 12126 on your FAFSA?
This number indicates that you are not eligible for any pell grants.
What is the grant that is considered the foundation of federal financial aid?
Federal Pell Grant
Can an alien receive a pell grant?
No, aliens are not eligible for federal student aid programs such as the Pell Grant. To qualify for federal student aid, individuals must be U.S. citizens, U.S. nationals, or eligible non-citizens. Aliens without eligible status are generally not able to receive federal financial aid.
What is the maximum amount on a Pell grant that a person can receive in a lifetime?
The maximum amount that a person can receive in Pell grants over their lifetime is typically limited to 12 full-time semesters or equivalent. As of the 2020-2021 academic year, the maximum Pell grant award amount is $6,345. However, the specific amount can vary each year based on factors such as financial need and enrollment status.
How low does income have to be to receive a Pell grant for school?
Students with a total family income up to $50,000 may be eligible for Pell Grants, though most Pell funding goes to students with a total family income below $20,000.
