Net Price Calculator and Pell Grants

Paying for College
1

<p>New to the Forums - Junior Daughter looking at schools and we are using the Net Price Calculator on CollegeBoard.</p>

<p>It shows us as being eligible for a Pell Grant, which sounds great but I think is a mistake. I think the limit on family income for pell grants is $60K, and we are above that.</p>

<p>It makes me question the accuracy of the whole system. Does anyone have experience with this? I checked several schools and got similar results. I carefully checked my entries... Don't know what else to think.</p>

2

<p>Pell grant eligibility is not based on income but EFC. The maximum EFC for Pell eligibility is $4,995. The maximum amount is $5,550 at $0 EFC and is reduced as the EFC increases to the maximum.</p>

3

<p>If you want to estimate what your EFC would be you can use the worksheets at the link below. You will probably need pages 9-10 and 17-20.</p>

<p><a href=“http://www.ifap.ed.gov/efcformulaguide/attachments/010512EFCFormulaGuide1213.pdf[/url]”>http://www.ifap.ed.gov/efcformulaguide/attachments/010512EFCFormulaGuide1213.pdf&lt;/a&gt;&lt;/p&gt;