Overview of the Pell Grant Pell Grants are a form of federal financial aid awarded to undergraduate students who demonstrate exceptional financial need. USA Grant Applications was designed to give you the help you need to locate and apply for these funds because if you are like most Americans, you just don't know where to start. Please note: some students may receive no refund if taking fewer than six credit hours in Term 1. Financial Aid credits are only available in the bookstore a week before classes start and the first week of classes. In all instances where applicable, funds must be returned to the federal programs within 30 days. If the student's financial aid disbursement is greater than the total tuition, fees, and bookstore charges for the term, the student may qualify for a refund check. In such cases, the regulations require that a portion of any refund be returned according to federal guidelines. Apply now! Generally, for the Pell grant to retain its tax-free status, you must be a degree candidate at the college and only use the … According to The Education Trust and the USC Race and Equity Center, BSU closes opportunity gaps for students of low-income, Pell Grant-eligible families, students of color and male students. The EFC is calculated by the federal processor from the information submitted in your Student Aid Report (SAR). Check out these common registration problems. Your refund is the amount of money left over after all of your scholarships, grants, and federal and private student loans are applied toward tuition, fees and other direct educational expenses for the semester. Pell Grant Calculator 2020-2021 Enter your Expected Family Contributions (EFC) , which is located on your Student Aid Report (SAR): Your eligibility for a Pell Grant is based on your expected family contribution (EFC). "Federal Government provides 2 billion each year to help people pay their energy bills." You may also schedule a virtual appointment with one of our financial aid advisors. Current chat availability is:. If applicable amounts are not returned, the student may be reported to the U.S. Department of Education as owing a refund to a federal Title IV program. Your EFC and the number of units you're enrolled in at the time of check disbursement will determine your Pell grant amount. In order to attend a class, you must be officially enrolled in that class, unless you’re making up a prior grade of Incomplete or are enrolled as an auditor . Current phone availability is: 8:00 AM to 1:00 PM Monday - Friday Please read the checklist before calling. The refund could come as a lump-sum direct deposit to your bank account, as cash or as a check. Other types of grants include need-based grants (such as Pell Grants) and Fulbright grants. 2:00 PM to 4:00 PM Monday - Friday. Financial Aid and Scholarships Office Updates. Federal Pell Grant Federal SEOG Other Title IV Assistance. If you receive a scholarship, a fellowship grant, or other grant, all or part of the amounts you receive may be tax-free. Last day for a 100% refund less processing fee: in person – 5 p.m., online – 11:59 p.m. April 14: Last day for a 50% refund less processing fee: in person by 5 p.m, or online by 11:59 p.m. April 27: Self-support and Continuing Education classes have different deadlines: Check class schedule or contact Student Central: Graduation & Commencement To find your Expected Family Contribution (EFC), please visit the official FAFSA site and check under the appropriate academic year. Emma Kerr Feb. 3, 2021 Students may charge against their Pell Grant award, scholarships, loans and other financial aid to help pay for books and supplies in the campus bookstore. While we value face-to-face interaction and our office is open to serve families, due to the COVID-19 we encourage students and parents to contact us via phone at 765-285-5600 or 800-227-4017 or via email at finaid@bsu.edu. Refunds. Academic Resources These guidelines pertain to the Federal Pell Grant, the Federal Supplemental Educational Opportunity Grant, the Federal College Work-Study, and the Federal Stafford and PLUS Loan. Log in and view your dashboard to check your Federal Pell Grant Lifetime Eligibility use. If you are awarded a Pell grant, you won’t include the grant amount in your federal taxable income unless you use the funds for unapproved purposes.
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