The maximum Pell for 2019-2020 has increased by $100 to $6,195.
According to the Dear Colleague letter released to the financial aid community: The maximum Pell Grant award for the 2019-2020 award year is $6,195, and the corresponding maximum Pell Grant eligible expected family contribution (EFC) is 5576 … the actual 2019-2020 award year minimum scheduled award amount will be $650.
@kelsmom Does this mean that if your EFC is 5576 or below you will get the max Pell Grant?
No, it means if your EFC is over $5576 you are not eligible for a Pell grant. The minimum Pell grant (if your EFC is close to $5576) is $650. If your EFC is between $0 and $5576, you will get some amount between $6195 and $650
@twoinanddone Understood. Thanks.
How do they calculate your EFC?
EFC is the number that is calculated when you submit a FAFSA.
This is Joe Coletta. I will be incorporating the new 2019-2020 schedule into the current fast food spreadsheet later today.
fast food. kkkk
My EFC is 5208 and My son had a Pell Grant of $845 for the yr… dont know if this is correct… any thoughts??
I have another son who is a senior in college as well and his Grant is much higher than his younger brother. ? I honestly dont understand why. ? Plus my youngest wasnt offered Work Study which we were hoping for at Texas A&M
Sounds about right for the EFC, @southtxmomma3. Your kids can have different EFCs if they have different incomes or assets. The parent income/assets should be the same for both. Did the second child indicate there were 2 in college?
@SouthTxMomma3 might be the schools themselves. As a prospective freshman, I’ve gotten a different Pell Grant offer from every school I’ve been accepted to - ranging from roughly $2800 to roughly $5200.
The pell grant is not controlled by the College, it is a federal grant. However, the cost of attendance will change the amount. Here is a good table. https://ifap.ed.gov/dpcletters/attachments/20192020PellPaymentSchedule.pdf
Thank you!
I know if you make under $50,000 you have a very good chance of getting the grant. What happens if you make $51,500. Do you still have a chance? Does it mostly depend on your dependents and cost of school?
There is an EFC formula published every year. It takes age of parent, size of household, student and parent income and assets into consideration.
https://ifap.ed.gov/efcformulaguide/attachments/1920EFCFormulaGuide.pdf
Am I the only one who doesn’t appreciate the fact that the pell grant cut off is so low? Like what about us middle-income earners? I was practically denied every need-based aid. How fair is that?!
@MrThatcher - If you can afford a 57K car you don’t need a 6K grant.
@cshell2 I beg to differ, how else am I going to pay for college? I need that 6k for operating costs alone.
@MrThatcher - Sell the stupid car. You don’t drive something like that and complain about not getting government handouts. That’s ridiculous.