A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

How many years can you apply for financial aid?

Best Answers

Effective on July 1, 2012, you can receive the Federal Pell Grant for no more than 12 semesters or the equivalent (roughly six years). You'll receive a notice if you're getting close to your limit. If you have any questions, contact your financial aid office . read more

The federal aid is subject to a 150% timeframe restriction, which limits it to no more than 150% of the normal timeframe to obtain a degree, such as 3 years for a 2-year degree and 6 years for a 4-year degree. read more

The maximum timeframe is 150% of the normal timeframe for the program, such as 6 years for a 4-year degree and 3 years for a 2-year degree. After violating the 150% maximum timeframe restriction, the student is no longer eligible for federal student aid and often institutional college aid as well. read more

Financial aid, often based on financial need, that does not need to be repaid (unless, for example, you withdraw from school and owe a refund). Award Year. School year for which financial aid is used to fund a student’s education. Generally, this is the 12-month period that begins on July 1 of one year and ends on June 30 of the following year. read more

Encyclopedia Research

Related Facts