Apply For Pell Grants

To make sure that you have money to cover college expenses

, you will need to apply for a Pell Grant.

But what exactly is a Pell Grant is and how does it work? Well, the Federal Pell Grant Program helps college students by providing need based grants to students who come from low income backgrounds. There are approximately 5,400 universities and colleges that participate in the Pell Grant Program. How much money you receive from the Pell Grant is determined by your familys expected financial contribution, the tuition costs at their specific college, and whether the student is enrolled in full or part time studies.

If you are successful in your Pell Grant application you will receive direct aid from the federal government. The money will be sent to your institution, where you can then pick it up in the student aid department. To qualify, in general, you must be a student who is pursuing their first bachelors degree. There is some funding available for students who are enrolled in post baccalaureate programs, but these awards are not nearly as plentiful. After the school has received your funding, it will be applied to your balance owed to the university. The Pell Grant will be applied to your account once per semester. So if you were to receive a $4,000 grant, you would receive $2,000 per semester.

To apply for a Pell Grant, you need to show financial need in covering the costs of your education. How much financial aid you need is determined by the U.S. Department of Education.

Congress has established a formula that is based upon the responses you provide in your application to determine what your familys expected financial contributions to your schooling will be. The main determinants for an EFC are the students income (if he or she is independent and the students assets after basic living expenses have been deducted).

There are three different types of students in the eyes of Pell Grant administers: dependents, independent students without dependents, and independent students with dependents. The rates and allowances that are made for each category are determined by your assessment. This is why applying for a Pell Grant is an attractive offer for those who are minority students or those who have children and are returning to school.

The Pell Grant helps almost anyone pay for at least a portion of costly college tuition and living expenses.. To find out if you qualify to apply for a Pell Grant, fill out your application today.

by: Jason Ciao

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