Two-thirds of college students receive financial assistance, and some of these full-time students are getting Federal Pell grants. They need all of this financial assistance because of the rising cost of college tuition. So if you’re interested in furthering your education, then this Pell information will be very useful to you.
You might ask, “What is a Pell Grant?”
Simply put, a Pell Grant is free federal money for students to use towards their college tuition. It’s sponsored by the U.S. Department of Education and is awarded annually to students who show a strong need for financial assistance. Students must complete a Pell grant application, also called the Free Application for Federal Student Aid (FAFSA) form in order to be considered.
There are 5,400 colleges and universities participating in the Pell Grant program. Students can use their Pell Grants at any of these schools.
Pell Grants never have to be repaid.
After you learn “what is a Federal Pell Grant,” you may want information on Pell grant eligibility. Who does it help – can it help you?
Pell Grants help students living in low income families. These students must be undergraduates or upcoming undergraduates who are working toward their first bachelor’s degree. Pell Grants don’t offer assistance to graduate students; however, if you’re enrolled in a post-baccalaureate teaching certification program or a professional program, then you may eligible.
In addition to this Pell Grant information, there are other Pell grant requirements you must meet in order to be eligible for a Pell Grant.
Pell Grants are extremely helpful for two main reasons: it helps pay for college, and it is one less bill to repay. It can also open doors for other financial assistance. When you apply for a Pell Grant with a FAFSA form, you can learn whether you are qualified to receive federal student loans.
For 2010-2011, Pell Grants will be awarded as high as $5,550.00. The amount you’re awarded depends on your financial need, tuition cost, whether you’re a full or part-time student. Your family’s size also determines the amount.
How to Apply for a Pell Grant
Now that you know “what is a Pell Grant,” you’re ready to apply for it. Do so by completing a Pell grant application, preferably online. You can also call the Federal Student Aid Information Center (FSAIC) at 800-4-FED-AID (433-3243) to request a paper form of the FAFSA. Libraries, colleges, and high schools also have FAFSA readily available.
The earliest you can submit a FAFSA form yearly is January 1. The yearly deadline submission is June 30.
The Importance of Pell Grant Information
Having the right information regarding “what is a federal Pell Grant” is important because in order to make the right decision, you need knowledge. You now know that a Pell Grant is beneficial. Money that does not require repayment is far more valuable than any type of loan you might consider, so definitely plan on filling out your Pell Grant application.
The Pell Grant has helped 5.4 million college and vocational students achieve their college degrees. It’s available to help millions more, and with this information, you can be part of that million.
