Federal Pell Grant
A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor's or a professional degree. Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and non-federal sources might be added.
EFFECTIVE for the 2012-2013 year, students are limited to the equivalent of 12 full-time semesters of Pell Grant funding. This US Department of Education policy includes all prior awards and students cannot appeal the termination of eligibility.
How much can I get?
The maximum Pell Grant award for the 2014-15 award year (July 1, 2014 to June 30, 2015) is $5,730. The amount you get, though, will depend not only on your financial need, but also on your costs to attend school, your status as a full-time or part-time student, and your plans to attend school for a full academic year or less. Note: The maximum award amount is given for any Pell Grant eligible student whose parent or guardian died as a result of military service in Iraq or Afghanistan after Sept.11, 2001. You must be under 24 years old or enrolled at least part-time in college at the time of your parent's or guardian's death.
Federal Supplemental Educational Opportunity Grant (SEOG)
This federal grant is extremely limited in funding and therefore is only awarded to students who are eligible for the maximum Pell Grant. Typically, students who meet the March 1 priority deadline for filing the FAFSA each year are considered, however, due to funding it may not be possible to fund all students who meet the priority deadline - please file the FAFSA as soon as possible after January 1 each year and be sure to follow up with Lander University's Financial Aid Office immediately if additional information is requested.