Federal Pell Grant
Federal Pell Grants provide a foundation of financial aid to which other federal and non-federal sources of aid may be added. The amount of a Pell Grant is based on a family’s financial circumstances. Students should complete the Free Application for Federal Student Aid (FAFSA) (www.fafsa.ed.gov)) to apply for a Pell Grant. A Pell Grant is awarded for one academic year. The financial aid year begins with the fall semester and ends with the summer semester. Students are paid only after all required documents are received, reviewed, and approved by the Financial Aid Office.
How Can I Save Time When Completing My FAFSA?
All applicants should utilize the IRS Data Retrieval process offered during the FAFSA completion.
- This retrieval process is the best and easiest way to document the income needed for completion of the FAFSA.
- The IRS Data Retrieval tool takes you to the IRS website, where you’ll log in by providing your name and other information exactly as you provided it on your tax return. At the IRS site, you can preview your information to make sure it looks correct before agreeing to have it transferred to your FAFSA.
- When you return to the FAFSA, you’ll see that questions that are populated with tax information will be marked with “Transferred from the IRS.” Don’t make any changes to those answers or you’ll invalidate the information you retrieved!
If you use the IRS Data Retrieval Tool and don’t change any of the retrieved information in your FAFSA, you should not need to provide tax transcripts to the Financial Aid Office if you’re selected for verification.
Pell Grant Lifetime Eligibility Notice
The U.S. Department of Education established new regulations for 2012-2013 which reduce the duration of a student’s lifetime eligibility to receive Pell Grant from 18 full-time semesters (or its equivalent) to 12 full-time semesters (or its equivalent). This means a student can only receive Pell Grant for this limited time or until they receive a bachelors degree, whichever occurs earlier. This lifetime limit applies to all Pell Grant funds received at all colleges a student has attended or plans to attend in the future. This provision applies to all Federal Pell Grant eligible students effective 2012-13.
Federal Supplemental Educational Opportunity Grant (FSEOG)
The Federal Supplemental Educational Opportunity Grant is designed to assist students with exceptional financial need. Priority is given to Pell Grant recipients who apply early. Students should complete the Free Application for Federal Student Aid (FAFSA) to apply for a FSEOG Grant. Students who drop below half-time status (5 hours or fewer) or students who totally withdraw are not eligible for the award.