Eligibility for the Federal Pell Grant is based on the student's expected family contribution as calculated by the FAFSA application. This grant is designed to assist the exceptional needy student.

the foundation of federal student financial aid, Pell Grants are the largest federal grant program for undergraduate education. Originally named the Basic Educational Opportunity Grant, the program was created in 1972 by Senator Claiborne Pell, then-chairman of the Senate Education Committee. Pell Grants are targeted to the neediest families and are awarded using a tiered approach. See similar questions...

The amount you will receive in Federal Pell Grant depends on how much you used during the academic year and your summer enrollment.  If your initial summer enrollment is before the Summer I census date, May 11, 2007,  your Federal Pell Grant will be calculated based on the number of hours in which you are enrolled on May 11, 2007.  If you add classes after May 11 you will not receive an increase in your Federal Pell Grant. See similar questions...

The Pell Grant is need-based grants ranging from $400 to $4050 per year. The Pell Grant is available to degree seeking undergraduate students with an EFC of 3850 or less (as determined on the FAFSA). See similar questions...

Yes, when you complete your Free Application for Federal Student Aid (FAFSA) you are applying for funding from the Federal Pell Grant program and submitting information to determine your eligibility for other federal and state grant, loan, and scholarship programs. Generally, a grant is money you do not have to repay. See similar questions...

Your school can apply Pell Grant funds to your school costs, pay you directly (usually by check), or combine these methods. The school must tell you in writing how much your award will be and how and when you'll be paid. Schools must disburse funds at least once per term (semester, trimester, or quarter). Schools that do not use semesters, trimesters, or quarters must disburse funds at least twice per academic year. See similar questions...

Pell advancements are available at the beginning of each term. They are good for credit in the bookstore only; no cash. Contact the financial aid office to apply for it. See similar questions...

Eligibility for the Monetary Award Program (MAP) is based on your Expected Family Contribution (EFC) and receipt date for the FAFSA. This program is reserved for high need students. To apply for financial aid you will need to complete the Free Application for Federal Student Aid (FAFSA) and the Benedictine University Financial Aid Application. If you are selected for verification you will need to provide copies of your Federal Tax returns and complete the Verification Worksheet. See similar questions...

Students in default on a federal student loan are not eligible for any federal or state financial aid. Students must make six consecutive payments on a defaulted loan and make satisfactory payment arrangements with the Department of Education to regain eligibility for aid. Students must present the Financial Aid office with official notification from the Department of Education that they are no longer in default and may receive Title IV aid. See similar questions...

Federal Pell Grants are offered to students based on Financial need determined by the Expected Family Contribution. By completing the FAFSA you have applied for all Federal & State Programs. See similar questions...

The average family income of Pell Grant recipients at MIT for 2005-2006 was $23,500. Examples of the range of financial circumstances for students receiving Pell Grants in 2005-06 at MIT follow: MIT students receiving the maximum Pell Grant of $4,050 have total annual income of less than $7,000 -- often from nontaxable sources such as Social Security benefits. See similar questions...

You must complete the free Application for Federal Student Aid (FAFSA). Your need is determined from information on the application. See similar questions...

Yes. Most students can apply for low interest loans. If you submit the FAFSA in a timely manner (early in the application cycle), the school may consider you for institutional aid and University grants. Grant funds are not endless -- they are limited to monies in these fund accounts. Grants are awarded until fund accounts are drained. See similar questions...

A typical financial aid package for a student eligible for the maximum Pell Grant and a need-based MIT scholarship would be $43,550. It would include $42,100 in scholarship -- consisting of an MIT scholarship of $34,000, a Federal Pell Grant of $4,050, and an MIT Pell Grant Match of $4,050 -- and a term-time job of $1,450. The student would work about five hours a week to earn $1,450. See similar questions...

A math SAT score of 530 (ACT of 22) is required for students who wish to use college math credit to satisfy a high school math (CPC) requirement. Yes. One three-semester hour college course is equivalent to slightly more than half of a Carnegie unit. (Five college semester hours are equal to one Carnegie Unit.) However, the college course can be used to satisfy one additional academic unit (above the minimum 16 College Preparatory Curriculum units). Yes. See similar questions...

Eligibility is determined by gross monthly income. To prove eligibility, applicants must show proof of income for the previous month by showing paycheck stubs or a letter from their employer. See similar questions...

The Student must be an undergraduate who has not received a Bachelor’s degree, and is enrolled in a degree or certificate program. The student also must have for the 2005-2006 year an EFC of less than 3850 to receive ANY Pell Grant. The amount of Pell Grant ranges from a possible 4050 with a 0 EFC to a possible 400 with a 3850 EFC. See similar questions...