A Federal Pell Grant is a form of federal financial aid that does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor's or a professional degree. Students that are eligible for a Pell Grant can also receive other forms of federal student aid. The FAFSA, which is one of the requirements needed to become eligible for a Pell Grant, is also the application necessary for federal student loans.
Am I eligible for the Pell grant?
NOTE: The amount of time in which a student can receive Pell grant has been reduced from 18 semesters to 12 semesters. This change in duration is not limited to students who received their first Federal Pell Grant on or after the 2008-2009 award year, as the HEA previously provided when the duration of eligibility was 18 semester. The federal government will calculate the equivalency by adding together each of the annual percentages of a student's scheduled award that was actually disbursed to the student.
FSEOG is an undergraduate award to students with exceptional financial need. Federal Pell Grant recipients receive priority for these awards. The FSEOG awards can range from $100 to $4,000 a year but each school can establish its own guidelines within these ranges. At ULM we award $750 per year to each qualified applicant until funding is expended.
Am I eligible for the FSEOG Grant?
The Louisiana Go Grant provides need-based financial aid for nontraditional and low to moderate-income students who need additional funds to afford the cost of attending college. For the 2012-13 award year, the maximum award was $1,000.00. Funds vary from year to year based on the Go Grant appropriation and could change for the 2013-2014 school year.
Am I eligible for the Go Grant?
- Entered college as a first time freshman during academic year 2007-2008 or later; OR
- Entered college as a first time freshman during the 2007-08 academic year or later and have become eligible for a federal Pell grant or financial need grant after the freshman year: OR
- Be age 25 or older and have entered college as a first time freshman before the 2007-08 academic year and have had a break in enrollment of at least two consecutive semesters, not including a summer semester or term, immediately preceding the period of enrollment for which the student is being considered for receipt of a grant.
- Any student who was a first time freshman beginning with the 2007-08 academic year or later who was not initially Pell eligible, but subsequently becomes Pell eligible then also qualifies for a Go Grant award
*Residency: Louisiana resident as of the day the FAFSA is filed and Louisiana is the student's true and fixed domicile as reported on the FAFSA. If student's state of residence on the FAFSA is not reported as LA, but a dependent student claims that a non-custodial parent is a Louisiana resident, or that parents are Louisiana residents living out of state, LOSFA will determine residency based on the completion, by the parents, of a residency affidavit