Pell Grants

Pell Grants

Federal Pell Grants

Federal Pell Grants are generally awarded to undergraduate students who have not yet earned a bachelor’s or professional degree.

Eligibility is determined by the U.S. Department of Education, using a standard formula established by Congress.

The Pell Grant range for the 2015-2016 award year is $626 To $5775

Your award will depend on your

  • Expected family contribution (EFC)
  • Cost of attendance
  • Whether you are enrolled full time or part time
  • Whether you are attending for a full academic year or less

You may not receive Pell Grant funds from more than one school at a time.

Once you have received a Pell Grant for 12 semesters, or the equivalent, you will no longer be eligible for additional Pell Grants. Equivalency is calculated by adding together the percentage of your Pell eligibility that you received each year to determine whether the total amount exceeds 600%. If you have exceeded the 600% maximum, you will lose eligibility for additional Pell Grants beginning in the 2012–2013 school year.

For example, if your maximum Pell Grant award amount for the 2014-2015 school year was $5,730, but you only received $2,865, you would have used 50% of your maximum award for that year. If you then receive 75% of your eligibility in the next year, the total received in two years would be 125% out of the total 600% lifetime limit.

Resources

  • Applying for financial aid
  • The Guide to Federal Student Aid —“Funding Education Beyond High School,” a comprehensive guide (English andSpanish)
  • Determine your monthly loan repayment


Santa Fe University expects its financial aid professionals to always maintain exemplary standards of professional conduct in all aspects of carrying out their responsibilities. Read the Santa Fe University of Art and Design Financial Aid Code of Conduct.