June 17, 2021

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