2014-2015 Pell Grant Requirements
The 2014-2015 Pell Grant will be based on financial need, like all prior years. Students must complete the 2014-2015 FAFSA (Free Application for Federal Student Aid) application in order to be eligible. The application must be submitted by your state’s FAFSA deadline. Each state has a different deadline, so it’s important to know your specific state’s deadline. The Pell Grant is one of the last remaining federal financial aid sources that doesn’t have to be repaid. Students must meet the following Pell Grant Requirements in order to be eligible for the 2014 - 2015 school year.
2014-2015 Pell Grant Eligibility
Student must be considered low-income. The income threshold for the parents of dependent students and for independent students and their spouses is $24,000 or less (for an automatic zero EFC).
Considered a U.S. Citizen. All U.S. citizens must have a valid Social Security number. All U.S. Non-Citizens with a “green card” (in other words, if you are a permanent resident alien), will be considered an “eligible non-citizen” and will be able to get federal student aid if you meet the other basic eligibility criteria.
Student must be registered with the Selective Services. All males between the ages of 18 and 25 must register.
Enrolled in a Title IV post-secondary institution.
Must be considered at least half-time status.
May not be in default on a federal student loan and not owe any money on a federal student grant
Students must have a high school diploma or a recognized equivalent such as a General Educational Development (GED) certificate or completing a high school education in a homeschool setting approved under state law.
Maintain satisfactory academic progress in order to continue receiving federal student aid. Each school has a satisfactory academic progress policy for financial aid purposes.
Students in post-secondary school are eligible to receive the Pell Grant for up to six-years (12 total semesters).
If you are incarcerated, have a conviction for a drug offense, or are subject to an involuntary civil commitment after completing a period of incarceration for a sexual offense then you are not eligible for a Pell Grant.
2014-2015 Maximum Pell Grant Amount
The maximum Pell Grant award amount for the 2014-2015 school year is $4,860. Students that have a zero EFC score will qualify for the full Pell Grant award amount.
The Pell Grant award amount for the 2014-2015 school year is based on income level, cost of attendance, and family size.
Students eligible for a Pell Grant can use their award towards any school related expenses. Books, tuition, school technology (tablets, laptops, PCs, etc), school supplies all qualify towards school expenses. Most school’s financial aid office will deduct school fees (tuition and fees) and will disburse all remaining Pell Grant amount.
The Pell Grant is a great opportunity to received federal financial aid, since the recipient does not have to repay back any of the Pell Grant funds. The Pell Grant is the assist low-income students pay for their higher education. Students that do not qualify for a Pell Grant have other federal financial aid options available, such as federal student loans and federal work-study programs.