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Types of financial aid
• Awards are available to full-time (12 or more credits per semester), three-fourths-time (9 to 11 credits per term), half-time (6 to 8 credits per term) and less-than-half-time (1 to 5 credits per term) enrolled students.
• Only undergraduates who have not yet earned a first baccalaureate degree are eligible.
• Pell Grant life-time eligibility is capped at the equivalent of 12 full-time semesters (this amount is prorated for part-time students—for example, 24 half-time semesters, 18 ¾-time semesters). Two full-time semesters equals one award year, and the Department of Education considers that 100%. Therefore, maximum lifetime Pell eligibility is 600%. Students can go to www.nslds.ed.gov sign in using their federal PIN, and check the percentage of Pell eligibility they have used. An approximation of the amount of Pell the student has used appears as a comment on the student’s FAFSA.