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pellgrant

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. 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 2014 fall, 2015 spring, and 2015 summer terms.

Enrollment Status

 

Maximum Pell Grant Award
(per semester)

12 or more hours

Full-time

$2865

9-11 hours

3/4-time

$2149

6-8 hours

½-time

$1432

1-5 hours

Less than ½-time

$ 716

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 law (the Consolidated Appropriations Act of 2012) affects all undergraduate students regardless of when or from what schools they first received Pell Grant aid.

For detailed information about the Federal Pell Grant program, click here.