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Federal Pell Grants

Name of Program
Federal Pell Grants
Website URL http://studentaid.ed.gov/types/grants-scholarships/pell
Description
A Federal Pell Grant, unlike a loan, does not have to be repaid. Federal Pell Grants usually are awarded only to undergraduate students who have not earned a bachelor's or a professional degree. (In some cases, however, a student enrolled in a postbaccalaureate teacher certification program might receive a Federal Pell Grant.)
Award Amount
Maximum amount $5,645 (2013-14)
Maximum amount $5,730 (2014-15)
The amount depends on several factors. Check the Web site for more information.
Other Requirements/Conditions
As of July 2012, an eligible recipient can receive the Federal Pell Grant for no more than 12 semesters or the equivalent (roughly six years).
Application Process
Complete the online Free Application for Federal Student Aid (FAFSA).
Deadline Date
The annual application period for the FAFSA is between January 1 and June 30.
Tax Credit
Yes
Target Audience
Veteran, Students and interns, Interested in teaching in a low-performing school and critical shortage areas, Interested in teaching mathematics, Interested in teaching science, Interested in teaching special education, Residents of other states
Type of Financial Aid
Grant

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