What is the income cutoff to be eligible for a grant?
This is a tough question because a number of things other than income (ie. household size and number of household members in college) are used in determining eligibility for a grant. Further, different grants have different formulas. Therefore, there is no official cutoff. Based on OBU applicants, however, we have found that for a family size of four with one in college, Pell Grant eligibility stops around the $50,000 AGI level. This is not to say, however, that $50,000 is a cutoff, and no family whose income exceeds $50,000 can qualify for a grant. Therefore, we encourage anyone who is interested in any kind of financial assistance to complete a Free Application for Federal Student Aid.
