Student Financial Services
Federal Pell Grant Program
Federal Pell Grant is a type of need-based gift aid, eligibility for which is based primarily on the income, asset and other data entered on the FAFSA . In accordance with federal financial aid regulations, Pell Grant assistance normally never needs to be repaid, and may be received only by undergraduate students who have the highest levels of calculated financial need and are pursuing their first bachelors degrees. The maximum award amount each year is established by the U.S. Department of Education and is based on national funding levels. For the 2013/14 school year, Pell Grant award values range from $5645 to $1411 per year. However, the actual Pell Grant amount posted to a student's UCM account each semester is based on the exact number of undergraduate credit hours (s) he enrolls for. The following amounts are authorized for the 2013 fall, 2014 spring, and 2014 summer terms.
Enrollment Status |
|
Maximum Pell Grant Award |
12 or more hours |
Full-time |
$2822 |
9-11 hours |
3/4-time |
$2117 |
6-8 hours |
½-time |
$1411 |
1-5 hours |
Less than ½-time |
$ 705 |
Please be advised that effective with the 2012 fall semester, otherwise-eligible students are limited to receiving a maximum of 12 semesters of 'full-time equivalent' Federal Pell Grant assistance. This new law (the Consolidated Appropriations Act of 2012) affects all undergraduate students regardless of when or from what schools they first received Pell Grant aid. If federal and UCM records indicate that you'll likely be impacted by this new regulation, the UCM Office of Student Financial Services will contact you directly by email.
For detailed information about the Federal Pell Grant program, click here.
