What Is the Pell Grant Amount?
If you are confused about what the Pell Grant amount is for the 2010-11 school year you shouldn’t be because it really isn’t that difficult to understand. The actual Pell Grant amount is always changing from year to year, and it is always a wise move to check up on what it is exactly when you are planning out your financial aid for the upcoming school year. The good news is that the maximum Pell Grant amount has been increased by 150 dollars for the upcoming school year to 5,500 dollars, and the way things are structured now this amount should go up each year until the year 2012.
It is also smart to have the minimum Pell Grant amounts in mind as well, as most students don’t qualify on average for the full amount. The minimum amount you can receive if you are going to school at least what is commonly referred to as “less-than-halftime” is 659 dollars, and the minimum amount you can receive if you attending class on a full time basis is 1,176 for the 2010-11 school year.
Keep in mind that your EFC will have the most significant effect on the actual amount you are able to receive once it is established that you are eligible to receive the Pell. Higher EFC values will result in lower amounts, while EFC figures closer to zero will almost guarantee a full amount being disbursed. Other factors that will have an effect on the amount you are able to receive include the cost of attendance for going to your school, along with your enrollment status. The higher your cost of attendance is, the more aid you’ll be able to receive, and the more you’re in school, the higher your Pell Grant amount will be. In the end your school will decide exactly how much aid you’re able to receive from the Pell Grant after taking into consideration their available funding for the Pell, and the specifics of your FAFSA, and the remainder of your file.
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