Federal Pell Grants provide a foundation of financial aid to which other federal and non-federal sources may be added. The amount of a Pell Grant is based on a student’s financial circumstances, as determined by the Student Aid Index (SAI) and Cost of Attendance. Students must complete the Free Application for Federal Student Aid (FAFSA) to be considered for Pell Grant eligibility.
At Wallace Community College, the academic year begins with the fall semester and ends with the summer term. Pell Grant awards are made for the academic year and are prorated based on enrollment intensity.
Disbursement of Pell Grant funds occurs after eligibility has been determined, required documentation has been reviewed, and attendance in scheduled courses has been verified, in accordance with federal regulations.
Students may receive Pell Grant funds for up to 600% of their Lifetime Eligibility Used (LEU), which is generally equivalent to six full-time academic years.
Students may use anticipated (authorized) financial aid to assist with charges prior to disbursement; however, this amount is an estimate. Final Pell Grant awards are based on enrollment intensity and attendance in eligible coursework. Failure to begin attendance in scheduled courses may result in a reduction of the Pell Grant award.