The Pell grant is a type of educational funding offering by the United States Department of Education that never has to be repaid. Like other types of grants, the federal Pell grant works by awarding students who meet certain criteria with money for college and college-related expenses. Students seeking a Pell grant will need to apply using the FAFSA or Free Application for Federal Student Aid. These forms are available at thousands of schools in the US, making the Pell grant easily available to students who qualify.
The Pell grant is reserved for students with exceptional financial need. This refers to students who come from families that are unable to afford the expenses associated with a college education. The federal government created the Pell grant as a way to assist those families in an effort to provide the opportunity of education to as many American citizens as possible. However, because the Pell grant is a need-based award, verification of your family’s financial status may be required.
The FAFSA is used to determine your eligibility for a Pell grant and all other types of federal aid, including student loans, work study programs, grants and federal scholarships. In some cases, you may be required to submit certain tax or other financial-related documents in order to qualify for aid packages such as the Pell grant. In order to get a grant quickly via the FAFSA, it is important to obtain and submit this documentation immediately.
A Pell grant may not pay for all of your college expenses, but it can pay for a significant portion of them. This is because Pell grants are awarded each year up to $5,550. In fact, recent laws enacted by the Obama administration require that Pell grant awards fluctuate according to the consumer price index.
However, not every student will qualify for a Pell grant. Get the money for college you need now and find out more about the easy PLUS loan application process.
No comments:
Post a Comment