loan amount

How much money can I get?Pell Grants—the amount of aid for the 2005-2006award year will depend on program funding. PellGrant amounts for the 2004-2005 award year (July 1,2004 to June 30, 2005) ranged from $400 to $4,050.How much you get depends on your Expected FamilyContribution , your cost of attendance,*whether you’re a full-time or part-time student, andwhether you attend school for a full academic year* orless. You may receive only one Pell Grant in an awardyear, and you may not receive Pell Grant funds frommore than one school at a time.FSEOGs—you can get between $100 and $4,000 a year,depending on when you apply, your financial need, thefunding level of the school you’re attending, and thepolicies of your school’s financial aid office.How will I be paid?Your school can credit your grant funds to yourschool account, pay you directly (usually by check), orcombine these methods. Also, with your permission,schools can credit your bank account. Schools mustdisburse funds at least once per term (semester, trimester,or quarter). Schools that don’t use formally definedtraditional terms must disburse funds at least twice peracademic year.