In December 2011, President Obama signed into law the Consolidated Appropriations Act, 2012 (Public Law 112-74). This law has significantly impacted the Federal Pell Grant Program.
Beginning Fall 2012, students are now limited to 12 semesters (or 600%) of Pell Grant eligibility during their lifetime. This change affects all students regardless of when or where they received their first Pell Grant. Students that are currently receiving the Federal Pell Grant in the academic year 2011-2012 and have already used 600% of their Pell Grant eligibility will no longer be eligible to receive a Pell Grant starting Fall 2012. Some students who have used close to the 600% may only be eligible to receive a partial Pell Grant award.
For more information about the Pell Grant program, go to http://studentaid.ed.gov/PORTALSWebApp/students/english/PellLimit.jsp