An online tool designed to estimate eligibility for need-based federal financial aid, specifically the Pell Grant, for students attending college on a less than full-time basis. The calculation typically factors in the student’s Expected Family Contribution (EFC), the cost of attendance at the institution, and the student’s enrollment status (i.e., the number of credit hours taken). These tools assist students in understanding potential grant awards based on their individual circumstances and enrollment intensity.
Utilizing these estimators is crucial for students planning their college finances, offering insights into potential financial support available to them. Understanding probable Pell Grant eligibility can influence enrollment decisions, allowing students to pursue higher education even when attending part-time. These resources also serve as a planning tool for budgeting and managing educational expenses, leading to increased access to higher education, especially for low-income individuals and families.