Description

This need-basedFinancial aid that is need-based depends on your financial situation. Most government sources of financial aid are need-based. grantA grant is a type of financial aid based on financial need that the student does not have to repay. is awarded to undergraduates. The grant doesn't have to be repaid. However, if you withdraw from the university or stop attending classes, you may be subject to the university's repayment policy.

Amount

The amount depends on the Expected Family ContributionThe Expected Family Contribution (EFC) is the amount of money that the family is expected to be able to contribute toward the student's education as determined by the Federal Methodology need analysis formula. The EFC includes the parent contribution and the student contribution, and depends on the student's dependency status, family size, number of family members in school, taxable and nontaxable income, and assets. The difference between the COA and the EFC is the student's financial need, and is used in determining the student's eligibility for need-based financial aid. If there are unusual financial circumstances, such as high medical expenses, loss of employment, or death of a parent, that may affect your ability to pay for your education, the student needs to tell their financial aid administrator (FAA). He or she can adjust the COA or EFC to compensate. (EFC). The estimated award is $555 - $5,550 per academic yearThe period during which school is in session, consisting of at least 30 weeks of instructional time. The school year typically runs from the beginning of September through the end of May at most colleges and universities..  Actual Pell grantThe Pell grant is a federal grant that provides funds based on the student's financial need. awards are based on your actual enrollment.

The amount of Federal Pell Grant you receive must be based on the number of hours in which you are enrolled as of the 12th class day of each term. Therefore, after initial disbursement of your Pell Grant funds, subsequent changes may be made to the amount through the 12th class day. Additional factors that may change your Pell Grant award are class attendance, withdrawals, academic progression, etc. 

For more information about the Pell Grant and your Enrollment, click here.

Eligibility

Based on established financial needThe difference between the COA and the EFC is the student's financial need - the gap between the cost of attending the school and the student's resources. The financial aid package is based on the amount of financial need. The process of determining a student's need is known as need analysis. to undergraduates only. Eligibility ends with first baccalaureate degree or a change to graduate status as determined by the Registrar's office.**

Continued Eligibility

Students must maintain at least half-timeDuring each term, 6-8 credit hours is considered half-time for undergraduate students. For graduate students, 5 hours is considered half-time. enrollment in most cases, continue to meet Satisfactory Academic Progress Requirements and continue to demonstrate financial need.

For information regarding Pell grantThe Pell grant is a federal grant that provides funds based on the student's financial need. lifetime eligibility please visit studentaid.gov.

Payment

Money is applied to student account once each semester.

Repayment

This is based on university repayment policy.