Pell Grant Amount for 2009-2010

Daily Life/Finance

increaseUpdate: You can read this in the comments if you want, but the maximum amount for the 2009-2010 school year, including the CCRAA will be $5350.

I just wanted to clarify one small thing about the American Recovery and Reinvestment Act of 2009. The Pell grant will increase in stages, with the eventual amount being $5,400.

They key word is eventual. I read through all of the education parts of this LONG piece of legislation to find out that for next year “the maximum Pell Grant for which a student shall be eligible during award year 2009–2010 shall be $4,860.”

I just thought you should know if you were planning to have an extra five or six hundred next year.

Comments (5)

5 Comments »

  1. You are correct that the American Recovery and Reinvestment Act will increase the maximum Pell to $4,860. However, the College Cost Reduction and Access Act (CCRAA) (P.L. 110-84) will allow an increase of $490. It is all here http://www.nasfaa.org/publications/2009/p0901.html

    Comment by StephanieNo Gravatar — March 29, 2009 @ 7:31 am

  2. Hey Stephanie,

    Thanks for letting me know about CCRAA. I had no idea about it.

    Comment by Patrick SizemoreNo Gravatar — March 29, 2009 @ 10:37 am

  3. NOT TRUE I just got a letter from Financial aid at my college and they told me for next year 2009-2010 my PELL GRANT is $5350

    Comment by JeremyNo Gravatar — April 20, 2009 @ 5:13 pm

  4. It varies based on your family’s EFC.

    Comment by Patrick SizemoreNo Gravatar — April 23, 2009 @ 2:54 pm

  5. 4860 + 490 IS 5350, Jeremy.

    Comment by Patrick SizemoreNo Gravatar — May 22, 2009 @ 9:16 pm


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