Pell Grant Scholarships

Pell Grant scholarships are grants presented to undergraduate higher education pupils from very low-revenue households. Applying for a Pell Grant scholarship as properly as other authorities grants and loans for university is a streamlined method that need to be finished each year, both on the internet or by mail. College students who qualify for Pell Grant scholarships can get tuition support for the accredited higher education of their selection.

Definition

A Pell Grant is a federal, want-based mostly grant awarded to qualified undergraduate university pupils. Pell Grants are not loans and require not be repaid. Potential recipients can apply for federal student aid starting January one of yearly.

Eligibility

To be qualified for a Pell Grant, undergraduate college students need to proof a considerable unmet economic require for school. Most of the Pell Grant scholarship allocations go to pupils from people with yearly revenue amounts under $twenty,000, but college students with households who generate up to $fifty,000 are qualified. The federal Section of Schooling evaluates the eligibility of each and every student based mostly on a common system calculated from data on a federal student-aid application.

Application

To apply for the Pell Grant, undergraduate college students should comprehensive the No cost Application for Federal Student Aid or FAFSA. Pupils can fill out the FAFSA application on the internet to velocity up the qualification method. This 1 application qualifies pupils for many federal grant packages. College students need to total the application procedure annually to guarantee that they keep on to meet the want-primarily based specifications.

Amount

The amount of specific Pell Grant scholarships awarded varies based mostly on a student's will need and on their higher education enrollment standing. Comprehensive-time pupils who meet the want-primarily based specifications will get a greater Pell Grant than portion-time college students with the very same economic want. The greatest amount awarded per student can adjust each year; for the scholarship award yr 2010 to 201one, the greatest Pell Grant scholarship amount is $five,550.

Payment Method

The federal authorities allocates the Pell Grant funds to the university in which the qualified student is enrolled. A Pell Grant award may possibly be utilized to a student's tuition account or paid to the student immediately by the college. The higher education may possibly also mix the two strategies. For illustration, if a student gets $five,000 in a Pell Grant award, but also gets added scholarship funds to cover the tuition, the university can immediately pay the student the excessive amount of the Pell Grant that is not essential to cover the amount of tuition.