How to Apply For a Pell Grant Eligibility - Read Carefully:-
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Pell Grant Eligibility

You are a bright student and full of confidence that you can take the hardships of higher education in your strides. However, there is a problem; your weak financial condition won't be able to bear the burden of your ambition. However, the financial assistance in the form of grants, such as college grants, education grants for women, etc. may change the course of your life. Read more on grants for college students.

But are you eligible for it? How will you set about finding whether you are eligible for a pell grant or not?

Pell Grant: Federal Pell Grant Eligibility

The first step in determining your pell grant eligibility is to fill a 'Free application for the Federal Student Aid' (FAFSA) form, which is also called pell grant application, on the Internet. Follow the instructions provided on the website and answer the questions which will determine your pell grant eligibility. If you are eligible for pell grant then it means that you are also eligible for various government grants and funding too. You will be notified about the outcome in the due course of time. Although, students with family income under $50,000 are eligible to receive the pell grant, these grants are mainly received by those with family income less than $20,000. The grant money depends on the following facts:
  1. How much money the student's family is ready to contribute. This amount may vary depending on whether the student is a dependent, independent without dependents, or independent with dependents.
  2. The tuition fee charged by the educational institute.
  3. Whether the student is going to attend a full time or part time course.
Once you are informed that you are eligible to receive pell grant, you have to submit various kinds of information to the authorities in the financial aid office. You receive the grant money, only after your information is found to be acceptable. Hence, if you have some difficulties regarding the information, you should get it clarified from the school or financial aid authorities as early as possible, as any discrepancy in the data may affect the outcome. The following is the list of Federal Pell Grant eligibility criteria:
  1. You must fill and submit FAFSA form, which binds you to use the Federal Pell Grant only for your education.
  2. You have not defaulted on any other Federal student loans or grants. You have to assure the authorities that you will repay this loan as well.
  3. It is important that you, as an undergraduate student, should be attending an approved course, in order to achieve a bachelor's degree.
  4. Your progress with the studies must be satisfactory.
  5. A valid Social Security number.
  6. A high school diploma or GED.
  7. You must be able to satisfy the authorities about the benefits you will receive from the offered tuition or the program.
  8. You must be a US citizen or permanent resident, or eligible non-citizen.
  9. You must be able to attend school legally in the US.
  10. Federal tax returns.
  11. W-2 information.
  12. Information about the untaxed income such as veteran's benefits, social security.
  13. Bank statements, total investment and mortgage information.
  14. Business records.
It may take 2 months or even longer for the finance aid authorities to complete the verification of your information. So, to be on the safe side, you must try to apply for the pell grant, at least 10 weeks before the semester begins.

The federal pell grants are awarded to the low-income students in order to help them continue their education and to help them realize their potential to the maximum. Though, you are allowed to receive only one pell grant per educational year, there is no limit on how many times you can receive it, once, you have proved your pell grant eligibility.
By Shrinivas Kanade

Sunday, July 1, 2012

Free money from the Federal Goverment - Pell Grant

Free money from the Federal Goverment - Pell Grant

The Pell Allow system is a type of post-secondary, academic government grant system provided by the U.S. Division of Knowledge. It is known as after U.S. Senator Claiborne Pell and initially known as the Primary Educational Chance Allow system. Allows are granted based on a "financial need" system identified by the U.S. The legislature using requirements posted through the Free Program for Federal Higher education student Aid (FAFSA).

The Pell Allow is protected by regulation known as the Greater Knowledge Act of 1965, Headline IV, Part A, Subpart 1; 20 U.S.C. 1070a.

Because of the great levels of need needed to acquire a Pell grant, invoice of them is often used by scientists as a proxies for low-income student presence and to indicate the financial variety of trainees body.
Amount of Grant

Federal price range regulation approved in beginning 2006 cut the government economical aid price range by $12.5 billion dollars. While the highest possible Pell Allow legal restrict was brought up to $5,800 through 2011, highest possible Pell grant prizes were not financed at this level. The highest possible prize available to learners has been freezing at $4,050 since 2003-04.

For 2006-07, the highest possible Pell grant available to learners continues to be $4,050. Students with less need will get small quantities. Allow payments can be used for school tuition, charges, and academic expenses (such as books or needed components for a class).

For the prize season of 2007-2008 the highest possible Pell Allow Award is $4,310. The 2008 highest possible grant is $4,600, the biggest improve in the program's 30 season record. The highest possible grant is to improve to $5,400 by 2012.

Increasing Higher education Costs

Due to great improves in the price of post-secondary education and slowly or no development in the Pell grant system, the value of Pell grants has worn away considerably eventually. In 2005-06, the highest possible Pell grant protected one-third of the annually price better education at a public four-year institution; many years ago, it protected 60% of a pupil's price of presence. As the Pell Allows results keep worn away, you need to invest more persistence implementing for grants.
Beyond the Pell Grant

A receiver of a Pell Allow may still implement for other government, state, and personal grants. Please check out our Allow area to help you find other grants you may be eligible for a.

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