<p>does anybody know what the maximum pell grant amount will be? i have heard $5250 being rumored to be the maximum. can someone tell me what they have heard about this?</p>
<p>thanks</p>
<p>baker101460</p>
<p>you won't know until after the stimulus gets passed or
doesn't. They're talking about a max increase of about
500 bucks, how that filters down I don't know.</p>
<p>A recent conference held by DOE on the year round Pell grant referenced an expected $5000 for Pell.....it's going to be a waiting game :(</p>
<p>In the stimulus package being discussed right now they are talking about a $281 increase in the maximum Pell for 2009-2010 ($400 for 2010-2011) which would make it $5012 if it is based on the $4731 max of of 2008-2009. (or would it be based on the underfunded maximum of $4800 that was supposed to happen according to the act passed in 2007? Which would make it $5081). The package also supposedly calls for the Pell to be fully funded. </p>
<p>from Search</a> Results - THOMAS (Library of Congress)
version 4</p>
<p>
[quote]
For an additional amount for `Student Financial Assistance' to carry out subpart 1 of part A of title IV of the Higher Education Act of 1965, $13,869,000,000: Provided, That such funds shall be used to increase the maximum Pell Grant by $281 for award year 2009-2010, to increase the maximum Pell Grant by $400 for the award year 2010-2011, and to reduce or eliminate the Pell Grant shortfall: Provided further, That these funds shall remain available through September 30, 2011.
[/quote]
</p>
<p>So if it passes, then if they actually fund it at the level passed, it s/b around $5000. Having watched the acts passed over the last couple of years where they approve one figure but then actually fund it at a lower level, I am getting a little cynical about these acts they spend hours debating.</p>
<p>i agree. i wish the republicans would quit whining about it and vote!!</p>
<p>make sure you tune in to c-span and observe the fun!</p>
<p>When are we notified of our awards?</p>
<p>How do we whether or not we qualify for pell grant?
do we check our EFC (expected family contribution), the number that was given when we submitted our FAFSA?</p>
<p>sorry. I'm new to the financial aid (im currently a senior)!</p>
<p>Last year the Pell required an EFC of under 4042. It has not been announced yet this year, but would probably be some where in that ball park - could be a bit less or a bit more. The maximum Pell ($4731 last year) is for those with an EFC of 0. As the EFC goes up the Pell goes down until it is 0 once you exceed the maximum eligible EFC (4041 last year).</p>
<p>If you are eligible your school will include the Pell as part of their financial aid award.</p>
<p>^ MY EFC is 0, do we have to fill out any other forms for the grant?</p>
<p>No. Pell, and all other federal aid, is awarded to you by your school as part of your financial aid package. They will tell you what you have to do as far as acceptances etc once they make an award offer.</p>
<p>It looks like the $5250 figure is going to be a go. Does anyone think maximum PELL Eligible EFC will rise as well?</p>
<p>I'm guessing it will not rise because 1) they are giving out more money, that means they need more money to give out which means they can't give out more money to more students... 2) more students I assume will have lower EFCs due to economy, which raises the number of students eligible for pell grants which in turn increases the money they will be giving out in total to all eligible students.</p>
<p>Maybe. Maybe not. Last year the max Pell increased from $4350 ish to $4731 but the maximum EFC actually dropped from @ 4110 to 4041.</p>
<p>Frankly it seems somewhat perplexing that a that formula calculates that you can supply $4000 of your own money for college has been used to give you another $700 plus, but someone who can come up with $4100 doesn't need the next $600. </p>
<p>Did it used to be PELL Max = EFC + Actual PELL Grant?</p>
<p>EX:</p>
<p>Max Grant = 4731, EFC = 1000, Grant = 3731
Max Grant = 4731, EFC = 3000. Grant = 1731</p>
<p>ETC???</p>
<p>So many other things require you to be PELL eligible, if your are EFC near 4000, it might not be the actual grant but the eligibility that matters.</p>
<p>
[quote]
Did it used to be PELL Max = EFC + Actual PELL Grant?
[/quote]
That would seem a logical way to do it. But you are talking about the govt here. I don't know about previously but that has not been the way it has been the last 3 years. </p>
<p>The difference between the max Pell and the EFC cut offs seems to be increasing though. 2006-2007 the cut off was 3850 for a max pell of $4050. 2007-2008 the cut off was 4110 for a max of $4350. 2008-2009 it was a 4042 for $4731.</p>
<p>Thanks SCM</p>
<p>Father05, I don't think it's ever been that way ... 20 years ago, I used the same kind of Pell schedule that is used today. The difference was that there were differing awards based on cost of attendance; COA isn't used in figuring awards today.</p>