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How much money can I make and still get a Pell grant?

How much money can i make and still get a pell grant for school?

  • Answer:

    Pell Grants are only available to students with very low EFCs. Your income is only one of many factors taken into consideration in the EFC calculation (other factors include assets, number in household, number in college, untaxed income, etc.) Pell grants are calculated by a table that compares your EFC to the cost of attending your school. You can view the 05-06 tables here: http://www.ifap.ed.gov/dpcletters/attachments/2005payschedrev.pdf Note: Unlike some other types of grant aid, schools are not given an allocation of Pell. Pell is considered an entitlement to eligible students.

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This depends on the amount of PELL funding the school you are going to recieves. The school determines your eligibility based on your EFC (expected family contribution). The higher the #, the less likely you are to get a pell.

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