Pell Grants are the largest source of free money from the federal government for students with financial need:
- Pell grants are awarded to every undergraduate who qualifies and has not already earned a bachelor's degree
- It provides from $600 to $5730 (for 2014-15), depending on your expected family contribution, cost of attendance and whether you are attending full or part time
- It can be used to pay for tuition, fees and living expenses at any qualifying college, including a California Community College like College of the Canyons
- You can receive only one Federal Pell Grant per term or period of enrollment, which can be used to attend one college at a time.
Summer Pell Grants
Summer Pell Grants are disbursed if the student has remaining Pell Grant entitlement AND the student maintains Satisfactory Academic Progress AND the student is enrolled AND the student's summer classes have begun.
No funds will be disbursed until ALL students' academic progress has been evaluated. This will occur after all Spring grades have been posted.
New Maximum Duration of Pell Eligibility (Lifetime Eligibility)
Effective Fall 2012, new Federal financial aid regulations limit the amount of Pell Grant funds a student may receive to the equivalent of six years of Pell Grant funding. Since the maximum amount of Pell Grant funding a student may receive each year is equal to 100%, the six year equivalent is 600%.
The Department of Education keeps track of your Lifetime Eligibility Used (LEU) by adding together the percentages of your Pell Grant scheduled awards that you received for each award year in your lifetime. If a student’s LEU equals or exceeds 600%, the student is no longer eligible to receive Pell Grant funding at any institution. In addition, a student whose LEU is greater than 500% but less than 600% will receive a reduced Pell Grant award based on their percentage available. There is no appeal to this Federal regulation. This new Federal regulation will not affect eligibility for BOG Fee Waivers, Federal Work Study, Cal Grants, or Chafee Grants.
Students can log on to the National Student Loan Data System (NSLDS) at www.nslds.ed.gov
using their Federal Student Aid PIN (the same PIN used when signing the FAFSA) to view their calculated LEU. The LEU will be found on the Financial Aid Review page.