Federal Pell GrantPage address: http://www.mnsu.edu/campushub/grants/pell/
What is It
The Federal Pell Grant provides undergraduate students with assistance in meeting the cost of attendance at eligible public and private post-secondary institutions. It is funded through the Federal Government on the basis of need. The Pell Grant is money that does not have to be repaid.
Federal Pell Grants are available to students pursuing their first undergraduate degree. You may not receive Federal Pell Grant payments for the same term from more than one institution, even if enrolled part-time at each institution.
Federal Pell Grant award amounts are subject to annual congressional appropriations.
- Awards range from $598-$5,815 for the 2016-2017 school year.
- Awards range from $606-$5,920 for the 2017-2018 school year.
The amount of your Federal Pell Grant will be prorated if you are enrolled for fewer than 12 credit hours per semester.
The amount of Federal Pell Grant funds a student may receive over his or her lifetime is limited by federal law to be the equivalent of six years of Pell Grant funding. Since the maximum amount of Pell Grant funding a student can receive each year is equal to 100%, the six-year equivalent is 600% (referred to as the Lifetime Eligibility Used (LEU) percentage). To see your LEU percentage you can log on to the National Student Loan Data System (NSLDS) using your Federal Student Aid PIN. The LEU is found on the Financial Aid Review page.
To apply for a Federal Pell Grant you must complete the Free Application for Federal Student Aid (FAFSA) annually.