Federal Grants - Types of Aid - Financial Aid
Federal Pell Grants
Federal Assistance Plans (TITLE IV)
Matriculated students attending or planning to attend college on a part-time or full-time basis may apply for this Federal grant program. Students should use the Free Application for Federal Student Aid (FAFSA) and apply online at www.fafsa.gov. The application starts with the Fall semester, continues into the Spring, and ends with the Summer.
The Federal Processor determines the Expected Family Contribution (EFC). In about two to three weeks after filing, a Student Aid Report (SAR), which contains the EFC, will be sent to the student. If an email address is provided the information will be sent via email. The information on the SAR is used to determine the student’s eligibility for federal aid, including a Federal Pell Grant. If the award is finalized prior to the date the tuition bill is due, tuition and fees will be reduced by the amount of the Pell award. If the award is finalized after the tuition bill is due, the student will pay the tuition and fees when the bill is due and will be reimbursed later in the school year.
Eligibility for PELL
Eligibility and award amounts are based on need. Congress votes upon the formula used to determine the need each year. Students are notified by the Office of Financial Services about the conditions for receiving Pell payments and how and where these payments can be received. To remain eligible, students must attend classes and continue to make satisfactory academic progress in their chosen program of study.
Note: A student must have achieved at least a 2.00 GPA after two years of attendance at Queensborough. PELL will only pay for a maximum of thirty (30) equated remedial credits, excluding ESL courses.
The amount of Federal Pell Grant you may receive over your lifetime is limited by a new federal law to be the equivalent of 12 full time semesters. If you are attending full time and are eligible for Pell you will receive Pell for 6 years. Since the maximum amount of Pell Grant funding you can receive each year is equal to 100%, the six year equivalent is 600%. In addition, all students who are eligible to receive Pell Grants may receive Pell Grants for up to 12 full time semesters.
Where can I find my lifetime PELL grant used?
You may view your percentage of Pell Grant used by logging into http://WWW.NSLDS.ED.GOV. Your ‘Lifetime Eligibility Used’ percentage will be displayed in the ‘Grants’ section. Example: Pell Lifetime Eligibility Used: 400% or 8 terms. How is the percentage used calculated? The percentages are based on the annual full-time award. For example, students who had a Pell award for the 2015-2016 academic year and registered for 12 or more credits in each semester (Fall and Spring), would have used 100% of that year’s award. If you only attended 9 credits for two semesters, your percentage used for the academic year would be 75%, etc.
Financial Aid Questions? What is a Pell Grant? Get video answers below, or head to Financial Aid TV
Financial Aid Questions? What is the Lifetime Eligibility Used (LEU for Pell Grants? Get video answers below, or head to Financial Aid TV
Federal Supplemental Educational Opportunity Grants (SEOG)
FSEOG grants are available to exceptionally needy full-time and part-time (at least half-time) students. These grants range from $200 to $2,000 annually. Students who request work-study or a Federal Perkins Loan on the FAFSA are automatically considered for SEOG. Students must maintain satisfactory academic progress as stated under the PELL program.
Financial Aid Questions? What is a FSEOG? Get video answers below, or head to Financial Aid TV