The Federal Pell Grant is a federally funded program for undergraduates who demonstrate financial need. The amount of the Pell Grant is based on the cost of attendance, the Expected Family Contribution, and the number of units the student is enrolled in. Awards are prorated if you are enrolled in less than 12 units each semester. Eligible students receive payments twice each semester. Students may apply for a Federal Pell Grant any time after January 1st and have a completed file in the Financial Aid Office. Federal Pell Grants are awarded to undergraduate students who have not earned a bachelor's or a professional degree.