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The college financial aid application used by millions of American families is now officially open for the 2025-2026 school year -- 10 days ahead of schedule. What do I need to know about applying ...
Maximum amount (2024-25) Who is eligible? Pell Grant. $7,395 per year. Undergraduate students with financial need, some postbaccalaureate teacher certification students
Claiborne Pell. The Higher Education Amendments of 1972 reauthorized the three campus-based programs, leaving the Economic Opportunity Grant Program with the same name, but renaming the two others: the National Defense Student Loan Program became the National Direct Student Loan or Federal Direct Student Loan Program and the Federal Supplemental Educational Opportunity Grant Program ().
The Pell grant is worth up to $7,395 during the current school year – though not every recipient qualifies for the maximum amount as it depends on financial need.
Coordinate the credit allowed under the Federal Pell Grant program to maximize their effectiveness at promoting college affordability; Examine ways to expedite the delivery of the tax credit; With the Secretary of Education, study the feasibility of requiring including community service as a condition of taking their tuition and related ...
There are a number of free calculators on the Web to help applicants estimate the EFC before filing the FAFSA. Recipients of need-based financial aid must reapply for each year by completing a new FAFSA. The term and concept of Expected Family Contribution was replaced by the term Student Aid Index (SAI) in 2024. [2]
The Pell Grant is a form of need-based federal financial aid that typically does not have to be repaid, which makes it highly desirable. It is awarded by the U.S. Department of Education to help ...
A 2018 NerdWallet study found that students missed out on $2.6 billion in free federal Pell grants by not completing the FAFSA. [20] Federal Supplemental Educational Opportunity Grant (FSEOG) – A grant between $100 – $4,000 for eligible students and the award is available for Undergraduate students. This grant money is limited at colleges ...
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