There are three types of federal student aid available to college students: federal student loans, federal work-study options, and federal grants. Of the three options, federal grants offer students financial aid that does not need to be paid back, and Pell Grants are the foundation of the federal student grant program.

This article will explain Pell Grant awards, detail eligibility, and describe how to apply for funding.

Pell Grant Financial Aid Levels

Pell Grant awards are determined by the level of financial need demonstrated by an undergraduate student applying for financial aid. The financial resources of each applicant's family are measured by a calculation called "expected family contribution" (EFC). EFC is calculated by measuring a family's income, assets, family size, and the number of family members expected to be attending college or a professional career program. This calculation is done from information found on a student's Free Application for Federal Student Aid (FAFSA) form, which will be explained in the next section.

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