For the 2010-2011 school year, the optimum Pell grant amount is $5500. The lower the student’s expected family contribution, the more cash the student will get. The expected family contribution is determined by the sum of the proportion of the student’s net revenue along with a percentage in the student’s net belongings. In the event the student is really a dependent, the EFC is set from the parent’s revenue and belongings.
A student gets his or her anticipated family contribution quantity by filling out the Free Application for Federal Student Aid (FAFSA). A student whose expected family contribution quantity is 0 will probably be qualified for the optimum amount of $5500.00. The students whose expected family contribution falls inside a assortment between 0 and 4,617 will qualify for your Pell Grant and also the exact amount will probably be established from the suitable formulas. It is difficult to determine just how much a student can anticipate to receive due to the numerous factors associated with figuring out eligibility.