The Federal Pell Grant Program provides need-based grants to undergraduate students to promote access to postsecondary education.
Over $7,000,000 is paid annually to ISU students. Federal regulations
prohibit a student from receiving a Pell grant for longer than 12 semesters.
Be working toward his or her first bachelor's degree;
Demonstrate exceptional financial need; and
Attend all courses in order to keep the grant. Failure to attend all courses
could result in a reduction of Pell Grant funds.
No separate application is required for this program.
Awards currently range from $602 to $5,730 per year for those who qualify. Grant amounts can vary based on the following:
The student's credit hours of enrollment on the 7th day of class;
The expected family contribution (EFC) according to the FAFSA;
The cost of attendance (COA) as determined by the institution; and
Whether the student has exceeded or is approaching the 6-year limit for receiving the Pell Grant.
Notification and Disbursement
If eligible, the Federal Pell Grant will be listed on the student's award notification as well as posted to the MyISU Portal account.
Funds are applied directly to the student's ISU account approximately ten days before the start of the applicable semester.
Student Financial Aid
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Indiana State University