Pell Grant Eligibility and Financial Aid F.A.Q.’s

The process of applying for a Pell Grant begins when you fill out a Free Application for Student Aid. You may have questions about applying for student aid, as well as about determination of Pell Grant eligibility.

What exactly is a Pell Grant?

This is money that is offered by the U.S. Department of Education. It helps fund a person’s way through college without having to take out a loan that has to be paid back.

Does the Pell Grant have to be paid back?

Repayment of the Pell Grant is not required. The only exception is if a person withdraws from school before a certain date in the semester.

Who gets financial aid, specifically a Pell Grant?

Most students who are in need of money to go to school can get financial aid. The determination of who receives a Pell Grant has quite a bit to do with the Expected Family Contribution amount as well as the cost of going to school.

How does one apply for a Pell Grant?

Students who want money for school should fill out a Free Application for Student Aid (FAFSA). You should file by the current year’s state and federal guidelines. For instance, if you are going to school in the year 2010 you should abide by the rules for that year. If you are going to school in 2011 you should abide by that year.

What information is needed to apply for financial aid?

You will need your Social Security Number, your driver’s license, and your current federal tax return information. You will also need your current bank statements and any alien registration or permanent resident information if you are not a U.S. Citizen. You also would be required to share additional financial information such as your bank account number.

What exactly determines Pell Grant eligibility?

Pell Grant eligibility is determined in several ways. One of the major deciding factors is the amount of Expected Family Contribution. Another is the total cost of the tuition and room and board and other school fees. An additional consideration is the amount of income that a person has. There is a complete list of Pell Grant eligibility determinations described at the FAFSA website.

Can I apply for a Pell Grant online?

Yes you can. Make sure you obtain a PIN (personal identification number) in plenty enough time before the due date. This will help you complete your electronic process before the due date. Otherwise, you can always file the “old fashioned way” which is by “snail mail.”

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