Welcome to PellGrantInformation.com where you can find all the information regarding the Pell Grant, Pell Grant disbursements, Pell Grant Awards, Pell Grant requirements, and interesting Pell Grant Facts.

The Pell Grant was established in 1965 under the Higher Education Act of 1965 Title IV, Part A, Subpart 1; 20 U.S.C. 1070a.  The Pell Grant provides need-based grants to low-income undergraduate and certain post-baccalaureate students, which is to promote access to postsecondary education.

The Pell Grant can be used at any of the 5,400 participating postsecondary institutions. Qualified participated will either receive a credit towards their current tuition/school expenses or the participating school will disperse a check to the qualified students.

The Pell Grant is based on financial need of the student, which is determined by the U.S. Department of Education using a standard formula.  The standard formula will calculate an EFC, which is also known as the expected family contribution.  The higher the EFC, the lower the chances are that you will be able to qualify for a Pell Grant. 

The EFC is calculated by taking the following student information into consideration:

(1) A percentage of net income (remaining income after subtracting allowances for basic living expenses and taxes)

(2) A percentage of net assets (assets remaining after subtracting an asset protection allowance).

When students file a FAFSA form, the student receives a Student Aid Report (SAR), which notifies the student if he or she is eligible for a Federal Pell Grant and provides the student's EFC.

Learn more about the Pell Grant Requirements click here.

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