To determine if you are eligible financially, the US Department of Education uses a standard formula, established by Congress, to evaluate the information you report when you apply. You can receive only one Pell Grant in an award year. How much you get will depend not only on your EFC but on your cost of attendance, whether you are a full time or part-time student, and whether you attend school for a full academic year or less. The US Department of Education guarantees that each participating school will receive enough money to pay the Federal Pell Grants of the eligible students. Maximum yearly award varies depending on Federal and State allocations.
First priority is given to full-time students.