Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded to undergraduate students who have not earned a bachelor's or a professional degree. In some cases, however, a student enrolled in a post-baccalaureate teaching credential program may receive a Pell Grant.
The maximum Pell Grant award for the 2015-16 award year (July 1, 2015 to June 30, 2016) is $5,730. The amount you receive, though, will depend not only on your financial need, but also on your costs to attend school, your status as a full-time or part-time student, and your plans to attend school for a full academic year or less. The maximum award amount is given to Pell Grant eligible student whose parent or guardian died as a result of military service in Iraq or Afghanistan after Sept.11, 2001. You must be under 24 years old or enrolled at least part-time in college at the time of your parent's or guardian's death.
When you are enrolled, CSUSM will apply Pell Grant funds to your school fee/enrollment charges. You will be able to view your award on your online student account at MyCSUSM. Funds are disbursed each semester and applied to your balance.
The Federal Supplemental Educational Opportunity Grant (FSEOG) program is for undergraduates with exceptional financial need. Pell Grant recipients with the lowest expected family contributions (EFCs) will be considered first for FSEOG. Just like Pell Grants, FSEOG does not have to be repaid.
You can receive between $100 and $4,000 a year, depending on when you apply, your financial need, and the funding available.
If you're eligible, CSUSM will credit your account. CSUSM disburses funds at least twice per academic year.