The 2024-2025 Pell Grant schedule, formally often called the Federal Pell Grant Program, determines the utmost quantity of monetary assist college students can obtain for faculty tuition and costs throughout the 2024-2025 educational 12 months via a federal grant that doesn’t need to be repaid. It’s designed to help undergraduate college students from low-income households pursue greater training. The quantity of Pell Grant funding a pupil receives depends upon their anticipated household contribution (EFC), the price of attendance (COA) at their academic establishment, and their enrollment standing (full-time or part-time).
The Pell Grant program has been in existence since 1972. It was created to extend entry to postsecondary training for low-income college students. Pell Grants are awarded to college students who haven’t but earned a bachelor’s or skilled diploma, and who reveal monetary want. The utmost Pell Grant award for the 2024-2025 educational 12 months is $6,895.
