The U.S Department of Education publishes a chart with information on Pell Grant eligibility through its Information for Financial Aid Professionals website. This chart displays the estimated grant amounts that students can receive based on cost of attendance and expected family contribution.Continue Reading
The U.S. Department of Education website includes a section that contains information for financial aid professionals. The information published here is intended to be used by financial aid administrators and is not intended to provide information to individuals or families regarding financial aid eligibility or awards. According to the U.S. Department of Education, eligibility for the Federal Pell Grant is determined by the student's estimated cost of attendance and expected family contribution.
Expected family contribution is based on the family's income. Pell grants can be awarded to students with family incomes of less than $50,000, but most are awarded to students with family incomes of less than $20,000, as the U.S. Department of Education explains. The chart published through Information for Financial Aid Professionals provides the estimated Pell Grant amount depending on the student's projected cost versus need. The estimates are further broken down by the student's expected enrollment status. Generally, students whose family income is lower and cost of attendance is higher are eligible for more assistance through the Federal Pell Grant program.Learn more about Credit & Lending