what is the maximum efc for pell grant
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What EFC Qualifies for the Pell Grant? The maximum EFC that can qualify for a Pell Grant in 2010 is $4,617, and that would include a full-time student at a school with an attendance cost above $4,860. The minimum award for a full-time student for 2010 is $1,176. The highest EFC for a three-quarter-time student is $4,500.
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Federal Grants 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.
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- Grants are a form of gift aid, money that does not have to be repaid. The maximum Federal Pell Grant was $5,645 in the 2013-2014 academic year and $5,730 in 2014-2015. The maximum Federal Pell Grant is expected to increase to $5,775 in 2015-2016.More than 95 percent (95.9%) of Federal Pell Grant recipients in 2011-2012 had family adjusted gross income (AGI) under $60,000.Less than one percent of Federal Pell Grant recipients had family AGI of $100,000 or more.he amount of a student’s Federal Pell Grant is based on the student’s expected family contribution (EFC). The EFC eligibility cutoff is currently set at 90 percent of the maximum Federal Pell Grant, rounded up to the nearest whole number.
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- Pell Grants provide federal grant money to low and middle income undergraduate students. Individual awards vary. For 2015 - 2016 school year, the maximum Pell Grant is $5775.
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- The maximum Pell Grant for the 2014-2015 award year is $5,730 and the maximum Pell Grant award for each term is $1,910. The Expected Family Contribution (EFC) range for Pell Grant eligibility is 0 – $ 5,157.
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Understanding Obama's Pell Grant Revisions Although the amount of potential recipients has increased, some opponents of the act claim that it still does not cover enough people. Beginning July 1, 2010, there was an increase from $5,350 to $5,500 per semester of the maximum Pell Grant award that one might receive. Recently, that figure has jumped another $50 to a total of $5,550 per semester. This means that low-income students with high grades have a chance to receive up to $11,100 for the entire school year, though the average student will receive about $3,865.
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- The largest one-year percentage increases in the maximum Pell Grant were 16% ($796 in 2015 dollars) in 2009-10 and 11% ($484) in 2001-02. The largest declines were 14% in 1980-81 ($827) and again in 1981-82 ($699). The maximum Pell Grant is the most frequently cited measure of the subsidies provided by the program.
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- The maximum Federal Pell Grant was $5,645 in the 2013-2014 academic year and $5,730 in 2014-2015. The maximum Federal Pell Grant is expected to increase to $5,775 in 2015-2016. More than 95 percent (95.9%) of Federal Pell Grant recipients in 2011-2012 had family adjusted gross income (AGI) under $60,000. Less than one percent of Federal Pell Grant recipients had family AGI of $100,000 or more.
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- If your annual award is $5550 and you received a total of $600 for that year, you received $600 divided by $5550 or 10.81%. Your annual percentages are added together to determine your Lifetime Eligibility Used. The maximum is 600%. Once you reach 600% you are terminated from receiving any additional Pell grants.
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Federal Pell Grant The amount of a student’s Federal Pell Grant is based on the student’s expected family contribution (EFC). The EFC eligibility cutoff is currently set at 90 percent of the maximum Federal Pell Grant, rounded up to the nearest whole number.he amount of a student’s Federal Pell Grant is based on the student’s expected family contribution (EFC). The EFC eligibility cutoff is currently set at 90 percent of the maximum Federal Pell Grant, rounded up to the nearest whole number.
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- The maximum Federal Pell Grant was $5,645 in the 2013-2014 academic year and $5,730 in 2014-2015. The maximum Federal Pell Grant is expected to increase to $5,775 in 2015-2016. More than 95 percent (95.9%) of Federal Pell Grant recipients in 2011-2012 had family adjusted gross income (AGI) under $60,000.
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Skip to main content About Us Contact Us FAQs Language AssistanceU.S. Department of EducationStudent Loans Grants Laws Data 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.
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Federal Pell Grant The Federal Pell Grant is the largest need-based college grant program, awarding more than $30 billion in grants each year to more than 9 million students.
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Virginia College Grants The value of your Federal Pell Grant can change yearly. For the academic year of 2015-2016 the maximum amount of the award is $5,775. The assistance that a student will get depends on the information provided on the Free Application for Federal Student Aid (FAFSA) form.he Pell Grant is a need-based federal grant for low-income students who require financial support to pay for college. Pell Grants are awarded to undergraduate students who have not received their first bachelor’s degree and to some students who are enrolled in qualifying post-baccalaureate programs.
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Grants A Federal Pell Grant, unlike a loan, does not have to be repaid. The maximum Pell grant for the 2015–16 award year (July 1, 2015, to June 30, 2016) is $5,775. 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.
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Pell Grant FAQ The maximum EFC cutoff threshold for the 2013-2014 Pell Grant is set at 5,081, and the lower your EFC is, the better your chances are at receiving the full Pell Grant amount.
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- The maximum Pell Grant for the 2015-2016 award year is $5,775 and the maximum Pell Grant award for each term is $1,925.The Expected Family Contribution (EFC) range for Pell Grant eligibility is 0 – $ 5,198.The maximum Pell Grant for the 2014-2015 award year is $5,730 and the maximum Pell Grant award for each term is $1,910.The Expected Family Contribution (EFC) range for Pell Grant eligibility is 0 – $ 5,157.The Pell Grant is awarded to undergraduate students who have not earned a Bachelor's or professional degree.he Expected Family Contribution (EFC) range for Pell Grant eligibility is 0 – $ 5,198. The maximum Pell Grant for the 2014-2015 award year is $5,730 and the maximum Pell Grant award for each term is $1,910.
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Questions About Financial Aid? In particular, the President highlighted the availability of federal student aid, including the Federal Pell Grant. If you are currently unemployed, you may be eligible for federal financial aid, including a Federal Pell Grant. The maximum Federal Pell Grant award for the 2012-13 academic year is $5,550. Q2.
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GEN-16-01: 2016-2017 Federal Pell Grant Payment and Disbursement Schedules This maximum Pell Grant award for the 2015-2016 Award Year is an increase of $45 from the $5,730 maximum Pell Grant award for the 2014-2015 Award Year. The corresponding maximum Pell Grant eligible expected family contribution (EFC) for 2015-2016 will be 5198. Section 401(b)(4) of the Higher Education Act (HEA) establishes the minimum Pell Grant award to be ten percent of the maximum award amount for the award year. Thus, for the 2015-2016 Award Year, the statutory minimum Pell Grant scheduled award amount will be $577.
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- To get a Pell grant, you must complete the... 1  A Federal Pell Grant, unlike a loan, does not have to be repaid.  The maximum Pell grant for the 2015–16 award year (July 1, 2015, to June 30, 2016) is $5,775.
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- The value of your Federal Pell Grant can change yearly. For the academic year of 2015-2016 the maximum amount of the award is $5,775. The assistance that a student will get depends on the information provided on the Free Application for Federal Student Aid (FAFSA) form.he value of your Federal Pell Grant can change yearly. For the academic year of 2015-2016 the maximum amount of the award is $5,775. The assistance that a student will get depends on the information provided on the Free Application for Federal Student Aid (FAFSA) form.
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- Features. The maximum EFC that can qualify for a Pell Grant in 2010 is $4,617, and that would include a full-time student at a school with an attendance cost above $4,860. The minimum award for a full-time student for 2010 is $1,176.The highest EFC for a three-quarter-time student is $4,500.he maximum EFC that can qualify for a Pell Grant in 2010 is $4,617, and that would include a full-time student at a school with an attendance cost above $4,860.
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Pell Grant Requirements Pell Grants provide federal grant money to low and middle income undergraduate students. Individual awards vary. For 2015 - 2016 school year, the maximum Pell Grant is $5775. The basic Pell Grant requirements are: The Pell Grant application is the same one for other federal student financial aid-the FAFSA.
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2014-2015 Pell Grant Amount Your financial aid office will notify you of the specific amount you may receive when they send you your financial aid award letter. That said, let’s take a look at this year’s maximum and minimum award amounts. For the 2014-2015 award year (July 1, 2014 – June 30, 2015), the maximum Pell Grant available is $5,730.
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What is a Pell Grant? Pell Grants are federal grants for low-income students. Unlike most federal assistance, these grants do not need to be paid back. Pell grants were established in 1965, and in 2011 nearly $36 billion in grant aid was available to qualifying students. For the 2016-17 academic year, the maximum Pell Grant award is $5,815. To qualify for a Pell Grant, a student needs to submit the Free Application for Federal Student Aid (FAFSA) to learn what his or her expected family contribution (EFC) is. A student with a low EFC often qualifies for a Pell Grant. After submitting the FAFSA, students will be informed if they qualify for Pell Grants.
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2014-2015 Pell Grant Amount Your financial aid office will notify you of the specific amount you may receive when they send you your financial aid award letter. That said, let’s take a look at this year’s maximum and minimum award amounts. For the 2014-2015 award year (July 1, 2014 – June 30, 2015), the maximum Pell Grant available is $5,730. Conversely, the minimum is $573. This year’s Pell Grant is an increase of $85 from the $5,645 maximum in 2013-2014. The maximum and minimum Pell Grant amounts are set by law.