High school diploma or GED
U.S. Citizen (some non-citizens are qualified)
Enrolled in accredited college or university undergraduate program
Must not have certain types of criminal convictions.
Low to moderate income (Typically less than $40,000 per year).
There is no exact income number that qualifies you for a Federal Pell grant. Your eligibility depends on multiple factors, including income tax paid, what state you reside in, if one or both parents work, value of bank accounts and investments, age of parents, number of people in the household, and number of family members attending college.
You may also be eligible for state grants and scholarships based upon your Pell Grant eligibility, or some private scholarships such as the Gates Millenium Scholarship.
The Federal Pell Grants program is moving toward requiring Pell Grant applicants to use tax data from the IRS to report their income section, based upon their federal tax return. This can be done by using the IRS data retrieval tool during the FAFSA online application process.
Your FAFSA information will determine your EFC or Expected Family Contribution. The lower your EFC means you are more likely to meet the Pell Grant requirements. Typically an EFC of 5500 or less means your Pell Grant eligibility looks good.
Iraq and Afghanistan Service Grant - see studentaid.ed.gov