Two college students sit outside, enjoying the sun.Two college students sit outside, enjoying the sun.

2013-2014 Federal Updates

Pell Grant

  • The Maximum amount of the Federal Pell Grant will increase from $5,550 to $5,645.
  • The Minimum amount of the Federal Pell Grant will increase from $602 to $605.
  • The estimated family contribution (EFC) in which to receive a Federal Pell Grant has changed from a maximum EFC of 4,996 to 5,081.

Verification

Now mandated by federal regulation without exception, students selected for Verification who have not used the IRS Data Retrieval when completing their FAFSA will be required to submit to the Financial Aid Office a Tax Return Transcript from the IRS. The Financial Aid Office can no longer accept copies of the Federal Tax Return (1040, 1040A, 1040EZ, Etc.)

NASFAA 2013-2014 Student Aid Reference Sheet