The Federal Pell Grant Program — studentaid.gov - is a federally funded award to help persons who have not earned a bachelor’s degree pay for their education after high school. The amount a student receives will depend on the EFC (Expected Family Contribution) shown on the SAR (Student Aid Report) or ISIR (Institutional Student Information Record), how many registered course credit hours, the cost of attendance, program eligibility and the size of the federal appropriations. Lifetime Pell eligibility is limited 600% or 18 semesters.