Federal Grants
Pell Grant
A Federal Pell Grant is a type of grant that provides funds to help pay for school. Pell Grants are typically awarded to undergraduate students who display exceptional financial need. Unlike federal student loans, Pell Grants don’t have to be paid back except under certain circumstances.
Every year, the federal government updates the maximum Federal Pell Grant award amount. For the 2024–25 award year, the maximum Pell Grant award is $7,395. These funds can be used to pay for school-related expenses at eligible two-year community colleges, career schools, trade schools, online schools, and four-year colleges and universities. You can receive Pell Grants for up to 12 full-time terms or about six years.
Some students may be able to receive up to 150% of their yearly Pell Grant award if they attend an additional school term. This is often called “year-round Pell.” For example, if you were awarded a $3,000 Pell Grant, you’d likely receive $1,500 in both your fall and spring semesters. But you may qualify for another Pell Grant of up to $1,500 if you enroll at least half-time during the summer semester.
Who is Eligible for Federal Pell Grants?
Any undergraduate student, regardless of age, who hasn’t earned a bachelor’s, graduate, or professional degree may be eligible for a Federal Pell Grant if they have financial need and meet a few basic requirements.
Don’t let the term “financial need” make you assume that you won’t qualify for a Pell Grant. Your eligibility for a Pell Grant is based on more than just your (or your family’s) income. The federal government will also consider your family size, tax filing status, and the federal poverty guidelines to determine your eligibility for a Pell Grant.
If you already completed the 2024–25 FAFSA form, you’ll be able to find your estimated Pell Grant award on your FAFSA Submission Summary. If you haven’t submitted your FAFSA form yet, you can see how much in Pell Grant funds you may qualify for by using the Federal Student Aid Estimator.
Federal Supplemental Educational Opportunity Grants (FSEOG)
Federal Supplemental Educational Opportunity Grants are awarded to undergraduate students who demonstrate extraordinary financial need relative to other applicants at the institution, with priority given to Pell Grant recipients. Awards are based on availability of funds and are granted at the discretion of the institution. FSEOG awards at Touro University range between $100 and $2,000 per academic year.