<p>I do not know if this topic has been discussed, but I am unsure of the durations of financial aid offered from the government.</p>
<p>For example, what is the limit/duration of the unsubsidized and subsidized loans from the government? Also, what is the duration/limit of the PLUS loan?</p>
<p>For NJ Residents, what is the limit/duration of the NJ TAG award (NJ Tuition Aid Grant)?</p>
<p>Lastly, what is the duration/limit of the Federal Pell Grant awards? I've heard that the maximum semesters allowed for the Pell Grant is 9 semesters. Can someone help me out here? </p>
<p>I'm pursuing 2 degrees, and it is most likely be taking me an extra year or 3 semesters. So i'm trying to see if there would be any sort of aid I would get for attending school extra time. Thanks!</p>
<p>You need to talk to your school’s financial aid office. There is something called Satisfactory Academic Progress that places limits on time and pace of the program - each school sets its own policies regarding SAP, so only your school can answer questions accurately.</p>
<p>Pell grants are limited to 600%, which at full time every semester means 6 years - unless you received more than one annual Pell grant during the 2 years students could get up to 2 full Pell grants in a year. You can find out your personal Pell grant usage to date by going to [National</a> Student Loan Data System for Students](<a href=“http://www.nslds.ed.gov%5DNational”>http://www.nslds.ed.gov). </p>
<p>Loans are limited to $31,000 for dependent students and $57,500 for independent students. Up to $23,000 of the above limits can be subsidized loans.</p>
<p>There is no limit on PLUS loans, although you do have to meet SAP to receive them.</p>
<p>@kelsmom what do you mean 2 Full Pell Grants in a year? I see that the max amount of Pell grant in an academic year is $5,500. Does this mean Student A will recieve $11,000 for one academic year in Pell Grants?</p>
<p>I’m going to be delayed in graduating and will need to spend an extra year studying. I called the financial aid office and they said 8 semesters is the max for pell grant. Is that possible or is it different for every school?</p>
<p>jwon, there was a very brief period (I believe 09-10 or 09-11) where students could get an additional Pell Grant in the summer if they took summer classes. This was quickly discontinued.</p>
<p>Are you some kind of BS/MS program where you get both a Bachelor’s and a Master’s degree? Or are you pursuing two bachelors?</p>
<p>Called the financial aid office for my school again, and the person helping me out keeps insisting that Pell Grant is only good for 8 semesters.
I don’t know if the employee is a student or not, but can anyone confirm the length of the Pell Grant?
I have checked a website, and it claims I have used 350%. Isn’t the max amount 600%?
Can anyone verify?</p>
<p>Sorry that you connected with someone who is not properly trained. The max amount is 600%. You have used 350%, so you can keep using until you reach 600%. Here is how the %'ages work - and this is per SEMESTER:
12+ credits - 50%
9-11 credits - 37.5%
6-8 credits - 25%
Fewer than 6 credits - 12.5%</p>
<p>I know the above information for a fact - I will pull out my financial aid director card here! It might be a good idea to let someone in management at your school know that the customer service reps are giving incorrect info. I know that I would want to know, so that I could provide the proper training.</p>
<p>@kelsmom thank you. It was very frustrating to deal with the employee for 2 days in a row giving me incorrect information. So Pell Grant applies to part time tuition a well?</p>
<p>Yes, although if you have an EFC that is at the top of the Pell chart (almost too high for Pell), sometimes there is no payment or there is a reduced payment for part time enrollment. Your school probably has a Pell chart on its website - or you can Google one - to see how that works.</p>