Pell Grant Application students
The Federal Pell Grant is a need-based financial aid that helps financially constrained students fulfill their desire of pursuing higher education. They are direct college grants awarded by the Federal govt. to students, who have not received their first bachelor's degree or to those enrolled in certain post-baccalaureate programs leading to teacher certification. Unlike student loans, these disbursements do not have to be repaid and are provided by the govt. through schools participating in the Federal Pell Grant program. Eligible students receive a specified amount, either annually or once every semester or trimester, depending upon the course of study. The eligibility criteria for students is evaluated by the U.S. Department of Education on the basis of the Expected Family Contribution (EFC), the cost of tuition and whether the student is enrolled on a full-time basis. EFC is calculated by taking into account the student's income, the parents' assets and income, the size of the household and the number of family members (excluding parents) receiving post secondary education. A different scale of assessment is applicable to students who are financially independent. Generally, the applicants are undergraduate students who do not have a bachelor's degree, although, in some cases students who are enrolled in post-baccalaureate programs may also be considered. Most Pell grants are awarded to students whose annual family income is below $30,000, although, the upper limit for receiving a Pell grant is $60,000. The maximum amount of Pell Grant disbursement for the year 2009-2010 is limited to $5,350. The least amount that can be disbursed in lieu of the grant is around $609. The participating institutions, generally, credit the Federal Pell Grant funds to the student's school account or pay the student via a check or use a combination of the aforementioned methods. Students, who have received their first Pell Grant on or after July 1, 2008, can continue receiving the grant for a maximum of 18 semesters.
Understanding the Federal Pell Grant Application
The application for Pell grant is absolutely free and a student desirous of applying for the grant is expected to complete the Free Application for Federal Student Aid (FAFSA). The application can be obtained from the high school guidance office. One may also complete the application online by visiting the FAFSA or Student Aid website. Although, the deadline isn't until spring of the year for which one is seeking funding, the disbursements are on a first come first serve basis. People can track their free Pell grant application online after applying for a Pell grant. They can also check the status of their FAFSA by calling up the Federal Student Aid Information Center, toll-free.
The Student Aid Report (SAR), which is received in response to filling out the FAFSA, provides instructions for claiming the Pell Grant in addition to notifying the student of his/her eligibility to receive the Pell grant, providing the EFC and the amount of money that the student is eligible to receive. In addition to Pell grants, there are a number of other grants that can help students pursue their academic goals.
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Source: http://www.buzzle.com/articles/pell-grant-application.html
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