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The maximum amount for the 2022–2023 award year is $6,845. The maximum Federal Pell Grant for the 2023–24 award year (July 1, 2023, through June 30, 2024) is $7,395. [21] 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 ...
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.
The Federal Supplemental Educational Opportunity Grant, more commonly known by its acronym SEOG, is a federal assistance grant reserved for college students with the greatest need for financial aid to attend school. To be eligible for this grant, applicants must meet all of the following criteria: To file their FAFSA.
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 ...
Another 1.5 million will be able to receive the maximum Pell Grant award as a result of the FAFSA changes. Read more: Your complete guide to FAFSA for the 2023-2024 school year.
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.
If Congress passes the current Pell Grant proposal, awards during the 2023-2024 academic year would range from a minimum of about $740 to a maximum of $7,395, according to CNBC. A lot depends on ...
A 2018 NerdWallet study found that students missed out on $2.6 billion in free federal Pell grants by not completing the FAFSA. [19] 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 ...