Pell Grant Info

The governments Pell Grant program owns a good reputation amid financial aid seekers

. The maximal amount awarded to a student is about $4,050. The program, unlike other federal financial help programs, guarantees finances to each student who qualifies.

Major characteristics:

No payment is required

Source: the government

Deadline: Application should be obtained no later than the final workday of June

Also, the program is particularly made to help undergraduates fund their education for 6 years of study with no loading them with a payback plan. Nothing should be paid off to the federal government plus there is no fee or interest to pay.

How to define your eligibility

The Pell Grant Index number should be sufficiently low to meet necessary need standards, as defined by the federal government; you can the number on your SAR

You should attend college at least half-time

You should work on the first undergrad degree

You should meet all the application deadlines

You should be an eligible non-citizen or U.S. citizen

To apply for the grant, you should get and complete the FAFSA. You can get the form by going to the U.S. Dept of Educs FAFSA site, or contact your colleges financial aid office. You must be sure to deliver the application as soon after January 1st as possible. In fact, missing the deadline can signify missing out on accessible financial aid. In general, federal application processors want various forms by February.

While applying for student federal aid, the first term that you need to get familiar with is Student Aid Report (SAR). All applicants that request federal aid money will get an SAR, telling them whether they can get a Pell Grant, the number of Pell Grant Index, the EFC (Estimated Family Contribution) number, and in case they've failed to complete the form correctly.

by: Alex LEY

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