The Federal Pell Grant is a gift aid award and does not have to be repaid. Effective July 1, 2012 there is a maximum lifetime limit of no more than 12 full-time semesters for the Pell Grant. It is awarded to students who demonstrate financial need through the Free Application for Federal Student Aid (FAFSA). Pell Grants are awarded only to students who are enrolled in undergraduate programs and who have not previously received a bachelor’s or a professional degree.
For the 2016-2017 academic year, eligible students can receive up to $5,815 in the Federal Pell Grant. The amount a student receives will depend on several factors including:
- Financial Need
- Cost of Attendance
- Full-time or part-time status and
- Plans to attend school for a full academic year or less.
Federal Supplemental Education Opportunity Grant
FSEOG (Federal Supplemental Educational Opportunity Grant) is a federal grant awarded to undergraduate students with exceptional financial need. The FSEOG is a campus-based, gift aid award and does not need to be repaid. Federal Pell Grant recipients with the highest need eligibility receive priority consideration for an FSEOG award. Award amounts range from $100 to $400. Funding is limited for the FSEOG award and therefore will be awarded on a first come first served basis to those that qualify.
PHEAA State Grant
The State Grant program provides grants to eligible Pennsylvania residents who are in need of financial assistance to attend a PHEAA-approved post-secondary school as undergraduate students. Through this grant, students are eligible to receive up to $2,312 for the academic year.
Although students receive direct notification from PHEAA regarding their conditional eligibility for a state grant, the Financial Aid Office is required to review each conditionally eligible student in accordance with PHEAA guidelines regarding eligible programs (certificate and diploma programs are not state grant eligible), enrollment, and academic progress (grades, credits completed, remedial classes, and online classes). Once the Financial Aid Office has determined a student has met all eligibility requirements for the PHEAA State Grant; the student will be notified through an award notification email and their myPEAK.
For more information concerning the PHEAA State Grant, call 1.800.692.7435 or click here to visit PHEAA’s website.