Federal Pell Grant
The purpose of the Pell Grant is to provide funds to qualified students who demonstrate financial need that will assist them in obtaining the benefits of a postsecondary education. Every student enrolled in a degree, diploma, or Pell-eligible certificate should complete and electronically submit a FAFSA. To apply, the student may complete the FAFSA online at www.fafsa.gov. A Pell award is a grant provided for educational costs and does not have to be repaid unless the student has been over awarded.
Federal financial aid funds are awarded with the expectation that students will complete the entire term. Students "earn" a percentage of the funds disbursed with each day of class attendance. When students who are eligible for federal financial aid withdraw before the end of the term, federal law requires Columbus Technical College to calculate the percentage and amount of "unearned" Pell that must be returned to the federal government. Once students have completed 61 percent of the term, they earn the full eligible award. This calculation may have the effect of requiring students to pay if a balance is due. The College encourages students to contact the Financial Aid Office prior to making the decision to withdraw.