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Calculators

Hope & Lifetime Tax Credit Coverdell Pell Grant Mutual Fund Expenses Tax Refund Expected Family Contribution (EFC) K-12 Savings Goals College Savings Goals

 

 

 

 

Federal Pell Grant

This grant is a form of need-based financial aid, and unlike a loan, the money does not have to be repaid. The U.S. Department of Education uses a standard formula to produce an EFC (expected family contribution) number, which will determine if the student is eligible for the grant.  The maximum Pell Grant for the 2006–2007 award year is $4,050.

Is the student a US Citizen or Resident Alian? Yes No Is the student going to undergraduate or eligible vocational school? Yes No What the cost of college for the student? What is your Expected Family Contrtibution (EFC)? Is the student going to school full-time, three quarter-time or half-time? Full Time Three Quarter Haft Time Student Tuition plus Dependent Care and/or Disability Expense, if any