Pell Grant Status
Students that receive the Pell Grant and are not full-time students will receive an award amount based on their student status. Below shows a breakdown of how much students will receive based on their status in school.
Three-Fourth (3/4): $4,163
Quarter (1/4): $$1,388
As you can tell from the above breakdown, your status has a lot to do with how much you will receive in Pell Grant awards. Both independent and dependent students are treated the same and will receive their Pell Grant amount based on their status in school.
The minimum Pell Grant award in the 2012-2013 school year is $555. For the 2012-2013 school year, only students who are eligible for at least 10 percent of the total $555 will be eligible for a Pell Grant. In prior years, students only needed at least 5 percent of the total Pell Grant minimum to receive the Pell Grant.
The minimum $555 Pell Grant award amount is based on a student attending school full time. Students that have a lower status will receive a lower Pell Grant award, which is a different proportion on their status. For example, students that are half time students will receive half of the $555.
Your financial aid office will inform you if you are eligible to receive the Pell Grant through a financial aid award letter. This letter will contain all financial aid award amounts and will include both student loans and work study eligibility.
All disbursements to students are made after all tuition and fees are paid through financial aid. If there are any remaining funds then your schoolís financial aid office will complete a direct deposit or send you a check. All disbursements are completed within the first couple months of the new semester.
Students are able to use the remaining funds to pay for any school-related expenses. These expenses include textbooks, electronics, as well as any other school related items. Itís important to note that students are not audited for the actual items purchased, so students should not be concerned with saving receipts in case of an audit.