Learn what type of aid programs are available for students in college.
Federal Aid Programs
Federal Pell Grant
The Federal Pell Grant is the most familiar grant awarded to eligible students who file a FAFSA application. The maximum Pell Award for 2020-2021 academic year is $6,345; however, the amount a student receives is based on their Expected Family Contribution (EFC), full-time or part-time enrollment status, and the school's cost of attendance (COA).
Grants may also available to students from their institution based on financial need and funding. Each institution is allocated federal funding (i.e. FSEOG) annually to assist high need students.
The Federal Work-Study Program (FWS) is based on at student's high financial need determined by the FAFSA. FWS allows students to work on-campus jobs while being paid regularly from federal funds allocated to them. Students receive a pay check and may use the funds to pay for educational expenses such as transportation costs (gas, auto insurance), textbooks, etc.
Many state education offices also utilize the FAFSA to determine financial need and eligibility for state educational funding for students. Deadlines for each US state varies; therefore, it is extremely important to be aware of state and institutional priority deadlines to ensure the maximum amount of funding.
For additional information of federal funds, visit: https://studentaid.gov/complete-aid-process/receive-aid