Federal Pell Grant

http://www.studentaid.ed.gov

A federally funded grant to help students, who have not already earned a bachelor’s degree, pay for their education after high school. the amount a student receives will depend on the Expected Family Contribution (EFC), which is based on the results of the Free Application for Federal Student Aid (FAFSA) form, the number of credit hours for which a student is registered, the cost of attendance, program eligibility and the size of the federal appropriations. Federal regulations limit the lifetime amount a student may receive in Pell Grant funding to a maximum of six-years/12 semesters as a full-time student or 600%.