Pennsylvania Recoverable Grant Agreement
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How to fill out Recoverable Grant Agreement?
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FAQ
PHEAA uses your family's adjusted gross income (not your family's net federal taxable income) from 2 years ago to determine your eligibility for a PA State Grant.
PHEAA official is 'hopeful' maximum state grant award for college students will remain at $5,750. Published: Mar. 21, 2023, p.m.
A grant is a financial aid award that you do not have to repay provided you meet the eligibility requirements and have provided accurate information on your application.
A grant is a type of financial aid award that you don't need to repay, as long as you meet all of the eligibility requirements.
PHEAA determines the amount of a student's PA State Grant. The maximum grant for 2022?2023 is $5,260. Students are limited to receiving no more than eight full-time semesters' worth of PASG funding?or the equivalent in less than full-time status. Summer grants will count against this overall limit.
Recoverable grant capital can serve the same purpose for a nonprofit organization. For example ? if a nonprofit is working to test a new, unproven solution to address climate change, they need access to patient risk capital to help them innovate and try new ways to address the problem.
Am I Eligible? Are a high school graduate as stipulated in the PA State Grant law. Attend a postsecondary school approved by PHEAA for PA State Grant purposes. Are enrolled at least half-time (defined as at least six semester credits but less than 12 semester credits per semester, or the equivalent)
The maximum annual conditional 2023-24 award is $4,818 or $2,409 a semester for full-time enrollment.