What exactly is Pell Grant ? ArticlePlusX ? Dofollow Article Directory

Pell grants are forms of tuition assistance available to
eligible undergraduate students enrolled in certified colleges and
universities. Pell grants are need-based
scholarships, not financial loans, from the United States government. Pell grant quantities
are awarded annually, but allocated per semester. Prospective Pell grant
recipients must apply for the award each year by finishing the Free
Application with regard to Federal Student Aid-FAFSA-available online from fafsa.ed.gov.

Pell Grant Amounts

Pell grants tend to be awarded based on the financial requirements of the
individual student and on their enrollment status within an accredited school.
Full-time students obtain larger Pell grant allocations than part-time
college students with a similar financial need. The maximum amount of an annual Pell
grant award can change based on government recommendations. The maximum amount of
the Pell grant award per eligible student for the year 2010 to 2011 is $5,550.

Eligibility

Eligibility for a Pell grant is limited to undergraduate
students who evidence a significant unmet financial require in affording college
tuition at an accredited school. Impartial students or dependent students
from families who earn up to $50,000 annually are eligible for any Pell grant.
The United States Department of Training evaluates each applicants
eligibility based on the information obtained from the federal student aid
application.

Application

Undergraduate students who submit a completed Free
Application with regard to Federal Student Aid-FAFSA-are automatically regarded as for a
Pell grant. Students can complete the FAFSA application online or by mail.
FAFSA qualifies students for other types of need-based tuition assistance
programs in addition to the Pell grant. FAFSA applications must be resubmitted
annually to ensure continued eligibility.

Pell Grant Payments

Awarded Pell grant money is compensated directly to the accredited
university or college where the student is enrolled. Pell grant monies are
awarded yearly, but allocated each term during the calendar year. For
instance, if a student receives a Pell grant in the amount of $5000 for the 2010-2011
school year, one-half of the award is allocated for the fall 2010 semester?$2500-and
the remaining amount?$2,500-is awarded for the spring This year semester. If the
students tuition has already been paid through other sources, the school can
allocate the amount of the Pell grant award, partially or in full, directly to
the student.

fafsa grants and scholarships

Source: http://www.articleplusx.com/2012/02/what-exactly-is-pell-grant/

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