Loyola University Maryland

Office of Financial Aid

Federal Pell Grant Program

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The Federal Pell Grant Program is the largest federal need-based student aid program providing grant assistance to undergraduate students who are enrolled in a degree or certificate program and have not received their first bachelor's degree. Eligibility is based on demonstrated financial need, cost of education and enrollment status. The amount of the student's award is determined using the Federal Institutional Student Information Record (ISIR), Expected Family Contribution (EFC) and the Payment Schedule provided by the U.S. Department of Education.

Pell Grant awards range from $574 to $5,730 for eligible students enrolled full-time ( minimum 12.0 credits per semester) during the fall and spring semesters. Awards are pro-rated for students who are enrolled on a less than full-time basis. Students may also receive Pell Grant assistance for summer session attendance provided they enrolled on at least a half-time basis (minimum 6.0 credits).