The amount of Federal Pell Grant funds a student may receive over his or her lifetime is limited by a new federal law to be the equivalent of six years of Federal Pell Grant funding (12 full-time semesters).
Federal Pell Grant Lifetime Eligibility Used (LEU) Calculation:
Tracking Your LEUs: Starting in mid-July 2012, you will be able to log on to the National Student Loan Data System (NSLDS) Student Access Web site using your Federal Student Aid PIN and view your LEU. The LEU will be found on the Financial Aid Review page.
To determine how much of the maximum six years (600%) of Pell Grant you have used each year, the US Department of Education compares the actual amount you received for the award year with your scheduled award amount for that award year.
Your scheduled award is the maximum amount you would be able to receive for the award year if you were enrolled full-time for the full school year. Your scheduled award represents 100% of your Pell Grant eligibility for that award year.
If you receive the full amount of your scheduled award, you will have used 100%. If you were not enrolled for the full year or not enrolled full-time, (or both), a percentage of the scheduled award will be calculated.
For example, if your scheduled Federal Pell Grant award is $5,000, but because you were enrolled for only one semester you received only $2,500, you would have received 50% of the scheduled award for that award year.
The Department of Education keeps track of your LEU by adding together the percentages of your Pell Grant scheduled awards that you received for each award year. Once your total reaches 600%, you have reached your Federal Pell Grant eligibility.
Important Note: If you have reached your Lifetime Eligibility for the Federal Pell Grant, you may still have loan options available to pay for classes at Union County College. More information about requesting a Student Loan can be found on the Loans page of our website.