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Federal Pell Grant
How
The Federal Pell Grant Works
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Eligibility
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Grant Limits
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Awards ranged from $200 up
to $4,130 for the 2007-2008 year depending on the Expected
Family Contribution calculated from the FAFSA.
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The closer to zero the
EFC, the larger the possible award.
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Required Credits
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To receive the maximum
award (100%) you must be enrolled in 12 or more credit
hours per semester.
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If enrolling in 9 to
11 credits hours per semester, you may receive 75% of
the maximum award.
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If
enrolling in 6 to
8 credit hours per semester, you may receive 50% of the
maximum award.
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In some extremely limited
instances, a minimum award may be made for students enrolled
in less than six credits per term.
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Payment
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Pell Grant is paid by the
semester, one-half of the annual award for fall term
and one-half for spring term. If a student attends
less than full-time both semesters or attends only one term,
they may have Pell eligibility for the following summer
term.
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Pell Grant is credited to
the student's account no sooner than the first day of the
semester or as soon as the award is ready.
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See "Disbursement"
for more information about payment.
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