The Pell Grant is a federal grant program that provides need-based grants to low-income undergraduate and certain post-baccalaureate students to promote access to postsecondary education
. Key aspects of the Pell Grant include:
- Eligibility : Students must display exceptional financial need and have not earned a bachelor's, graduate, or professional degree
. They must also be enrolled or accepted for a minimum of a half-time course load
- Amount : The maximum Pell Grant for the 2022-23 award year is $6,895
. The amount depends on the student's financial need, costs to attend school, status as a full-time or part-time student, and plans to attend school for a full academic year or less
- Duration : Students can receive Pell Grants for up to 12 semesters
- Application : To apply for a Pell Grant, students must complete the Free Application for Federal Student Aid (FAFSA)
- Non-Repayment : Unlike loans, Pell Grants do not have to be repaid
The Pell Grant is the largest federal grant program offered to undergraduates and is designed to assist students from low-income households
