A semester with 13 credits and a full-time Pell Grant award of $2,000
In order to be eligible for a second Pell Grant award, you must progress to the second year. At Valencia an academic award year is defined as 24 hours. Therefore, the second year begins at 25 credit hours. Remember, you must accelerate in order to receive two Pell Grants in one academic year. In the spring term, the student ndis ineligible to receive the 2 Pell Grant because they did not meet the 25+ credit hour requirement. They completed 12 credit hours in the first summer and fall terms and are attempting 12 credits in the spring. This totals 24 hours – just short of Example: A student who is eligible to receive a total Federal Pell Grant of $2,800 for the semester but enrolls for only six (6) hours will have the amount decreased to a total award payment of $1,400. A Federal Pell Grant is a need based grant awarded to students who qualify and have not earned a bachelor's or professional degree. Students who exceed this time frame can no longer receive a Federal Pell Grant, but may be able to apply for Federal Direct Loans (for up to 150% of academic program length), Work-Study, or other state grants or scholarships. More information is provided on the Federal Pell Grant Lifetime Eligibility Used Fact Sheet. A Federal Pell Grant is a need based grant awarded to students who qualify and have not earned a bachelor's or professional degree. Shawn has a $2,000 annual Pell Grant. He is enrolled in 7 credits (half-time) in the Summer Semester, and is awarded $500 in Pell funds. That leaves $1,500 remaining. If he is full-time (12 or more credits) for both fall and spring semesters, he will receive $1,000 in the fall but only $500 for spring. Melissa also has a $2,000 annual Pell Grant. She is enrolled full-time all 3 semesters. She is awarded $1,000 in Pell funds for both summer and Fall Semesters, which leaves 0 Pell funds remaining How to Qualify for the Second Pell Grant You must: - Have already used your entire first scheduled Pell Grant award. - Be eligible to earn greater than 24 credit hours (25+) in the 2010-2011 award year. - Be taking at least 6 credit hours in the term you receive the second scheduled Pell Grant award. In the spring term, the student ndis ineligible to receive the 2 Pell Grant because they did not meet the 25+ credit hour requirement. They completed 12 credit hours in the first summer and fall terms and are attempting 12 credits in the spring. This totals 24 hours – just short of Beginning in the 2012-13 academic year, students may receive the Pell Grant for up to 12 full-time semesters or the equivalent. The amount of Federal Pell Grant funds a student may receive over his or her lifetime is limited by a new 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 percent, the six-year equivalent is 600 percent. For more information, visit Student Aid on the Web's Calculating Pell Grant Lifetime Eligibility Used 1 The maximum Pell grant for the 2015–16 award year (July 1, 2015, to June 30, 2016) is $5,775. 2  The amount depends on your 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. 1 The amount depends on your 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. 2  Learn more about Pell grants. Percent Used: To determine how much of the maximum six years (600%) of Pell Grant you have used each year, the Department compares the actual amount you received for the award year with your scheduled award amount for that award year.  For example, Chris begins a semester with 13 credits and a full-time Pell Grant award of $2,000. If Chris drops a 3-credit class in the 1st, 2nd or 3rd week of the semester, his enrollment status changes to 3/4-time (11 credits) and his Pell Grant award is reduced to $1,500. Melissa also has a $2,000 annual Pell Grant. She is enrolled full-time all 3 semesters. She is awarded $1,000 in Pell funds for both summer and Fall Semesters, which leaves 0 Pell funds remaining for spring. Quick information on Pell grants: 1  A Federal Pell Grant, unlike a loan, does not have to be repaid. 2  The maximum Pell grant for the 2015–16 award year (July 1, 2015, to June 30, 2016) is $5,775. 1 The amount depends on your 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. 2  Learn more about Pell grants.
http://www.fasfaa.org/assets/documents/FRI_PellGrantGuide.pdf http://www.alamo.edu/district/financial-aid/federal-pell-grant/ http://www.alamo.edu/district/financial-aid/federal-pell-grant/ https://www.pct.edu/admissions/grants.htm http://www.fasfaa.org/assets/documents/FRI_PellGrantGuide.pdf http://studentaid.psu.edu/types-of-aid/grants/federal http://www2.ed.gov/programs/fpg http://www.lorainccc.edu/Financial+Aid/Calculating+Pell.htm https://www.pct.edu/admissions/grants.htm http://www2.ed.gov/programs/fpg
how much money do i get from the pell grant each class