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Louisiana Tech University

Office of
Financial Aid

Glossary: Grants

Please select one of the following Grants to learn more information.

Pell Grant

The Pell Grant is considered a form of "gift aid" and does not have to be repaid. Pell Grants are awarded to undergraduate students who have not earned their first bachelor's degree and who exhibit exceptional financial need. After you complete and submit the Free Application for Federal Student Aid (FAFSA), the U.S. Department of Education uses a formula established by Congress to calculate your and your family's "expected family contribution" (EFC) for the upcoming year. The EFC figure determines whether or not you qualify for a Pell Grant. Pell Grant Table (2017-2018)

Pell Grants are tentatively posted to your expense slip based on your planned enrollment as stated on your Data Form submitted to Financial Aid. Your actual Pell award amount is based on your actual enrollment level as of the last day of drop/add of classes and will be credited to your student account the day after drop/add each quarter. Your awarded Pell Grant will be corrected (reduced) if you are reported as never having attended a class or if you have a backdated add or drop for a quarter within the current academic year.

Maximum Pell Grant

The maximum Pell Grant award is determined annually by Congress. The maximum scheduled Pell Grant award for 2017-2018 is $5,920 for a student with a zero Expected Family Contribution (EFC). The amount you get, though, will depend on:

You may not receive Federal Pell Grant funds from more than one school at a time.

The amount of Federal Pell Grant funds you may receive over your lifetime is limited by a new federal law to be the equivalent of six years of Pell Grant funding. Since the maximum amount of Pell Grant funding you can receive each year is equal to 100%, the six-year equivalent is 600%. You’ll receive a notice if you’re getting close to your limit. If your Lifetime Eligibility Used (LEU) equals or exceeds 600%, you may no longer receive Pell Grant funding. Similarly, if your LEU is greater than 500% but less than 600%, while you will be eligible for a Pell Grant for the next award year, you will not be able to receive a full scheduled award.

Percent used: To determine how much of the maximum six years (600%) of Pell Grant you have used each year, the U.S. Department of Education (ED) compares the actual amount you received for the award year with your scheduled award amount for that award year. Of course, if you receive the full amount of your scheduled award, you will have used 100%. It’s possible that you might not receive your entire scheduled award for an award year. There are a number of reasons for this, the most common of which are that you are not enrolled for the full year or that you are not enrolled full-time, or both. ED keeps track of your LEU by adding together the percentages of your Pell Grant scheduled awards that you received for each award year. The calculation of the duration of a student’s eligibility includes all years of the student’s receipt of Pell Grant funding.  You can log on to the National Student Loan Data System (NSLDS®) using your Federal Student Aid USER ID and view your LEU. The LEU will be found on the Financial Aid Review page.

Declining Pell Grant Funds

A student may decline all or part of a disbursement of Pell Grant funds that the student is otherwise eligible to receive. A student may wish to take this action if the student expects to qualify for a larger Pell Grant in future years as a result of an expected transfer to a more expensive educational institution or an expected change in the student’s expected family contribution.

To decline Pell Grant funds, a student must deliver to the school a signed, written statement clearly indicating that the student is declining Pell Grant funds for which he or she is otherwise eligible and that the student understands that those funds may not be available once the award year is over. The school must, if necessary, submit any adjustment records for the student to the Common Origination and Disbursement (COD) System.

Returning Pell Grant Funds

A student may return all or a portion of Pell Grant funds that the student was otherwise eligible to receive, as long as this action is taken during the same award year. Again, a student may wish to take this action if the student expects to qualify for a larger Pell Grant in future years as a result of an expected transfer to a more expensive educational institution or an expected change in the student’s expected family contribution.

To return all or a portion of Pell Grant funds, the student must deliver to the school a signed, written statement clearly indicating that the student is returning Pell Grant funds for which he or she is otherwise eligible and that the student understands that those funds may not be available once the award year is over. The student must return the funds directly to the school, and the school must return those funds to its Pell Grant account. The school must then submit the required adjustment records for the student to the COD System.

A student may not return any Pell Grant funds from a prior award year that the student was otherwise eligible to receive.


Federal Supplemental Education Opportunity Grant (FSEOG)

FSEOG grants are awarded to undergraduate students with exceptional financial need. This means that we award FSEOG grants to the neediest students first, based on a very low or zero EFC. Funds are limited; therefore, students with a complete file by the published deadline are given first consideration. FSEOG is awarded for Fall, Winter, and Spring quarters and the approximate amount awarded is $1500 per year.  If funds are remaining after Spring quarter, funds may be awarded for the Summer quarter.


GO Grant

The purpose of the GO Grant program is to provide a need-based component to the state's financial aid plan to support nontraditional and low to moderate-income students who need additional aid to afford the cost of attending college. For more information, click here


Other Grants

Some students may receive other assistance from outside sources. Financial Aid is required to use any "other assistance" that you are to receive as a resource when determining your aid package. You should report to Financial Aid any type of assistance which you may receive that isn't showing on your award letter, as soon as you become aware of it. If any assistance which you haven't reported comes to the attention of the Financial Aid office after you have been awarded aid and have possibly received disbursements, your aid package has to be re-calculated to make sure that you have not been awarded over your cost of attendance and you could owe funds back to the University to prevent an over award in federal aid.


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