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The maximum Federal Pell Grant for the 2023–24 award year (July 1, 2023, through June 30, 2024) is $7,395. [26] The maximum amount of the grant usually depends on the EFC and several other factors, including cost of attendance, the amount of time the student plans to attend college, whether it is a full academic year, and whether one is a ...
Federal Pell Grant, the largest of the federal grant options and based exclusively on an individual's Expected Family Contribution as calculated using the FAFSA data. [2] For students attending a University or Cal State in the state of California there are also resources like the Cal Grant award that is awarded every year.
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 ...
Pell Grant – A grant of up to $6,195 (as of the 2019–2020 Award Year) for students with a low expected family contribution. [19] A 2018 NerdWallet study found that students missed out on $2.6 billion in free federal Pell grants by not completing the FAFSA. [20]
For the 2023-24 award year, you may receive up to $6,973.49. ... must complete a college readiness program in high school and be eligible for the federal Pell Grant for their first year of college.
President Joe Biden said people who received Pell Grants may have up to $20,000 of their federal student loans forgiven.
The maximum award is $4000 for the 2023–2024 academic year. [6] The Federal Supplemental Educational Opportunity Grant (FSEOG) is a federal assistance grant reserved for college students with the greatest need for financial aid to attend school. The maximum FSEOG is $4,000 a year and the amount applicants are eligible for is at the discretion ...
In the 2024-2025 award year, more students will be eligible to receive a federal Pell Grant. According to the Education Department, an estimated 610,000 new students will be eligible for a grant.