Pell Grant Information

Most students that become eligible to receive the Pell Grant immediately want to know about the actual Pell Grant amount they are able to receive. This is sound thinking, as the Pell Grant amount fluctuates greatly from student to student, and depends on a number of factors that relate to this information you submitted with your FAFSA.

The most crucial of these factors is your EFC, and the lower it is, the more aid you can expect to receive by way of the Pell Grant. Other factors that come into play as well include the cost of attendance of your school of choice, along with your enrollment status. You’ll be able to secure more aid the higher your cost of attendance is, and the more you are in school per semester.

The actual Pell Grant amount you are able to receive once these factors are taken into consideration will range from 659 dollars, all the way up to the maximum amount of 5,500 dollars. Most students aren’t approved for the full amount, and the average amount of aid that is disbursed to eligible students is about half of the maximum amount that is available for that school year. Remember that the Pell Grant amount has been increased significantly over the past few years, and should continue to do into the year 2012 due to the bill that was passed in Congress several years ago.

This bill expanded the amount of available funding for the Pell Grant, and it also increased the limits students are able to receive on an annual basis. This trend is actually expected to continue passed 2012 due to the fact that president Obama has made it known that he want to expand the limits of the Pell even more going forward into the future. Remember that the bottom limit for a full-time student is at 1,176 dollars, so if you are going to school full-time and you are eligible for the Pell you should be able to receive at least this much for your college expenses from the Pell Grant.