Meeting the requirements for the Federal Pell Grant is essential to maintain your eligibility for the benefits of this grant.
You will need to meet specific deadlines throughout the semester to maintain your eligibility for the Pell Grant. Meeting these dates is important for the Financial Aid Office to evaluate your Federal Pell Grant eligibility based on your current enrollment status.
If the Pell Grant amount you were awarded does not adhere to your current enrollment status, your award must be adjusted accordingly:
- All award amounts listed in myMadisonCollege are subject to change based on your enrollment status.
- If you were not yet enrolled for the semester at the time of your initial award, the award is based on assumed full-time enrollment status.
Upcoming Pell Recalculation Dates
Pell Grant deadlines change yearly.
- Spring 2023: Friday, January 27, 2023
If you add classes after the Pell Recalculation Dates, it will not count towards your Federal Pell Grant eligibility, regardless of the start date for the class.
If you drop, withdraw, or do not attend classes that you were registered for, your financial aid award may be adjusted in the following situations listed below.
If Funding Has Already Been Disbursed
- You may be required to repay some or the entire amount. The balance due will appear in your myMadisonCollege.
If Funding Has Not Yet Been Disbursed And
- Your enrollment decreases to less than 6 credits, any loans you were awarded will not disburse.
- If you were awarded any state grants, your award may be reevaluated, depending on the grant.
- You were awarded a Pell Grant and your award will be reevaluated to determine your eligibility.
What Are the Requirements for the Pell Grant?
The Federal Pell Grant can only be awarded if you are:
- An undergraduate student with exceptional financial need.
- You do not have a bachelor's, graduate, or professional degree. (In certain cases, a student enrolled in a postbaccalaureate teacher certification program might receive a Federal Pell Grant.)
You may not receive Federal Pell Grant funds from more than one school at a time.
What Is the Pell Grant Award Amount?
Amounts can change yearly. The amount you could receive depends on these factors:
- Expected Family Contribution
- The cost of attendance for your specific program
- Your status as a full-time or part-time student
- Attending school for a full academic year or less
Once you have the cost of attendance and your Expected Family Contribution (EFC), you can check the 2022–23 Federal Pell Grant payment schedule (PDF) for an estimated award amount.
How Is the Pell Grant Used?
In certain situations, an eligible student can receive up to 150 percent of his or her scheduled Pell Grant award for an award year.
If you are eligible for a $2,000 Pell Grant for the award year as a full-time student for the fall term and spring term, you could receive $1,000 for each term.
You can only receive Federal Pell Grant awards for no more than 12 terms, or the equivalent (six years). A notice will be sent to your email if you’re getting close to your limit. Reach out to Financial Aid if you have any questions on this.
What Is “Year-Round” Pell?
Depending on your eligibility, you may receive up to an additional $1,000 for attendance, in an additional term within that award year (potentially receiving 150% of your original award).
This is referred to as “Year-Round Pell” – you can reach out to Financial Aid for more information on this.
Once you have applied for the Pell Grant, the award amounts will be updated in your myMadisonCollege account.