December 11, 2017

How To Get A Pell Grant For College

For students who would like to pursue education after high school there is money available. About 5.4 million people who are part-time and full-time students in both vocational training programs and in college, take advantage of this opportunity every year. The pell grant program was designed for those in lower socioeconomic incomes and range widely in awards provided.

Pell Grant

The majority of pell grants go to students whose family income is below $30,000 per year. However, even students with family incomes up to $60,000 per year are often eligible. There are very stringent guidelines as well as time-lines associated with qualifying for this money, but the important thing to remember is that it is there and available for those who have bigger dreams.

Pell grants are available until the degree level desired is achieved. This includes a certification in various professions such as teacher education, dentistry, and pharmacy. Awards range from $555 to $5550 per term and serve to cover the cost of tuition, books, fees, and other expenses associated with attending non-public schools. In the past the average grant was approximately $3000, but this has been increased in recent years due to the higher tuitions now charged in higher education.

There are many factors that affect the award issued. These include family size, price of attendance, the family’s financial situation, and whether full-time or part-time classes are taken. Although these grants are not accepted at all schools, the majority of schools do accept this form of funding. The financial aid department at the schools of interest will be well-informed on this issue and are a great place to start when researching this option.

When a student completes a FAFSA application, the pell grant is automatically considered. This application can be filled out online or forms can be picked up from various locations including high school career counseling offices, libraries, and state agencies. The advantage of the online application process is that it is much faster and easier for most people. However, the same information will be required and documentation supporting claims will need to be filed through the mail.

This type of grant is considered a needs-based gift. Therefore, the actual amount received partially depends on the cost of tuition at the school selected. The money is delivered directly to the school who then applies it to the students account to cover the cost of attendance. Regardless of what other funding is provided, if a pell grant is awarded the student will receive the money. If the cost of tuition, books, fees, and other expenses are covered by other sources, the student may be issued this money directly.

The majority of students attending higher forms of education today are receiving some form of financial aid. One of the greatest advantages in qualifying for this particular grant is the fact that it does not have to be repaid. Additionally, for each year in attendance an award will be issued. This is important for those entering college for the first time who are unsure as to career goals. Should a student fail to graduate within a four year period, this is not a concern as the money will continue until the degree is achieved.

The Federal pell grant program is one of the most widely used today for those entering college or vocational schools that accept Federal funding. It is rare because it is one of the few ways to get free money for schooling. In addition, awards are not based on grades, unlike other programs. It’s important to remember, however, that this is a needs-based program for those who would not, otherwise, be able to attend an institution of higher learning without support.

Additional information at: http://www.okstate.edu/finaid/grants/pell.html

Government Grants For Students To Go To College

For those who are graduating from high school planning to change career paths, now is the perfect time to explore opportunities in how to acquire government grants for students who want to go back to college. These are like scholarships in that they are free money that do not require repayment. However, there are many differences beyond that.

Government Grants

Student grants are typically funded through Federal and state government programs. Traditionally, they are based on income, ability to repay, academic achievement, and student status. Although not based solely on family income, this characteristic does have a huge impact on whether or not one can qualify.

The first most common grant is based on need. This is not based on income alone, but rather on the number of family members in the household, number of family members attending college, the ability of the family to contribute to a student’s education, the assets of the family, and the students’ academic standing. Many students fail to apply for free money because they believe they won’t qualify. As a general rule of thumb, it’s a guarantee that if a person doesn’t apply they won’t qualify.

A second kind of grant which is very common is called merit-based. These are for students who excel academically whether or not they have a financial need. State-based grants are frequently awarded to students with high GPAs and low income levels. These usually require an application separate from the FAFSA and can be found on the home state’s government website as well as on the websites of the colleges or universities were applications are being considered.

The first application one should fill out, however, is the FAFSA. This will provide students access to Federal monies automatically. There are stringent guidelines and time-lines with this program so it’s important to submit the application as early as possible and no later than March 1st of each year. State grants, on the other hand, often require an additional application which can be downloaded from government sites. Additionally, colleges and universities will also carry information on private grants that are also available.

It’s important to remember that the FASFA must be filed on time annually in order to ensure continued qualification. One of the most popular grants in the Federal program is the Pell grant. This program is designed for financially disadvantaged students. Often, the award is based on academic achievement, the contribution of the family, and several budgetary restrictions.

For students with the most significant need a Federal Supplemental Education Opportunity Grant is available. This is where no family is available to contribute to higher education costs. These students are provided with funding first and then remaining money is sent to other programs to support students who have lesser needs. Another program often forgotten is the Montgomery GI bill. This supports students who have served in the military who have the desire to continue their education at the college level, in a vocational school, or with technical training.

There are various websites where you can research financial aid and government grants, including this one. However, there are also booklets available that will provide the answers to many questions students entering college may have regarding funding. For those who feel they’ve may have limited options after high school, today there is absolutely no reason not to pursue one’s dreams.

Find out more: http://www.grants.gov/