Federal Pell Grant
The Federal Pell Grant Program provides need-based financial aid packages to low-income students in the form of grants. Pell Grant funds may be used by students to cover any aspect of their expenses related to attending Iowa State University.
Federal Pell Grants are direct grants awarded to students with financial need who have not received their first bachelor's degree or who are enrolled in certain academic programs that lead to teacher certification or licensure. More information is available on the U.S. Department of Education Federal Pell Grant Program website.
The amount of Federal Pell Grant funds you may receive over your lifetime is limited by federal law to be equivalent to six years of Pell Grant funding. Since the maximum amount of Pell Grant funding you can receive each year is equal to 100%, the six-year equivalent is 600%. How is my Federal Pell Grant Lifetime Eligibility Used Calculated?
'Pell Eligible,' as mentioned in the requirements of other grants, means that the applicant must meet the eligibility requirements of the Federal Pell Grant as determined by filing the FAFSA.
The maximum Federal Pell Grant award for the 2014-2015 year is $5,730.
The maximum Federal Pell Grant award for the 2015-2016 year is $5,775.
All eligible students will be considered for the Federal Pell Grant by filing the FAFSA.