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Pell Grant


The Federal Pell Grant Program provides need-based grants to undergraduate students to promote access to postsecondary education. Over $7,000,000 is paid annually to ISU students. Federal regulations prohibit a student from receiving a Pell grant for longer than 12 semesters.


Eligibility

The student must:

  • Have a valid FAFSA on file;
  • Be working toward his or her first bachelor's degree;
  • Demonstrate exceptional financial need; and
  • Attend all courses in order to keep the grant. Failure to attend all courses could result in a reduction of Pell Grant funds.

No separate application is required for this program.

Amounts

Awards currently range from $602 to $5,730 per year for those who qualify. Grant amounts can vary based on the following:

  • The student's credit hours of enrollment on the 7th day of class (amounts awarded begin at 1 credit hour and are maximized at full time enrollment);
  • The expected family contribution (EFC) according to the FAFSA;
  • The cost of attendance (COA) as determined by the institution; and
  • Whether the student has exceeded or is approaching the 6-year limit for receiving the Pell Grant.

Notification and Disbursement

If eligible, the Federal Pell Grant will be listed on the student's award notification as well as posted to the MyISU Portal account. Funds are applied directly to the student's ISU account approximately ten days before the start of the applicable semester.

Contact

Student Financial Aid
220 North 7th Street
150 Tirey Hall
Indiana State University
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