Grants are considered gift aid. Gift aid is the most valued source of financial aid because grant money does not have to be repaid. Grants are awarded based on need.
Federal PELL Grant (PELL)
The PELL Grant is a federal program for undergraduate students who have not earned a bachelor's or professional degree. Amounts can change yearly. The maximum Federal Pell Grant award is $5,550 for the 2012-2013 award year (July 1, 2012 to June 30, 2013). The amount you are awarded will depend on:
- your financial need,
- your cost of attendance,
- your status as a full-time or part-time student, and
- your plans to attend school for a full academic year or less.
Award Range: up to $2775 per semester
You may not receive Federal Pell Grant funds from more than one school at a time.
Effective on July 1, 2012, you can receive the Federal Pell Grant for no more than 12 semesters or the equivalent. You'll receive a notice if you are getting close to your limit. If you have any questions, contact your finacial aid office.
If you are eligible for a Federal Pell Grant, you'll receive the full amount you qualify for - each school participating in the program receives enough funds each year from the U.S Department of Education to pay the Federal Pell Grant amounts for all its eligible students. The amount of any other student aid for which you might qualify does not affect the amount of your Federal Pell Grant.
Federal Supplemental Educational Opportunity Grant (SEOG)
The SEOG is a federal grant program. Awards are made based on unmet need, expected family contribution, and file completion on or before the Financial Aid Priority Deadlines. The Financial Aid Office is responsible for selecting eligible students with the lowest family contributions and determining the amount of SEOG awards.
Award Range: up to $250 per semester