Free Money For College
If you are interested in going to college but don’t think you can afford it, you should consider learning more about the Pell Grant. This grant is offered by the federal government, and it gives qualifying students the money that they need to further their educations. If you meet certain criteria, you might be able to get free money for school.
What Is A Pell Grant?
The Pell Grant is offered by the federal government as a means of providing students with the money that they need to pay for tuition, books, school supplies and expenses while they are in school. This grant is need-based, and it doesn’t have to be paid back as long as you stay in school and maintain acceptable grades.
If you qualify for a Pell Grant and attend a community college or reasonably-priced university, you might find that your funds will pay for all of your tuition and books for the semester and that you end up with a little bit of money afterwards to help you pay your bills while you are a student. If you would prefer to attend a more costly school, a Pell Grant can help subsidize the cost for you and make it possible for you to attend without going into debt.
How Do You Apply For A Pell Grant?
Applying for the Pell Grant is easy, but it is important to apply early to help guarantee that you receive all of the funds that you qualify for. To apply, you simply have to fill out the Free Application for Financial Student Aid. It doesn’t cost anything to apply, and it doesn’t take very long to fill out the application.
You will be asked questions about your identity, household income and the number of people who live in your home. You will also have to provide information about the school that you are interested in attending. Then, the federal government will work with the financial aid office at your school of choice to determine if you are eligible for funds and to disburse this money to you. The money will be applied to your tuition and other expenses at the school first, but any money that is left over will be paid to you, most likely in the form of a check.
Do You Qualify For A Pell Grant?
Although you might think that it sounds too good to be true, chances are good that you do qualify for a Pell Grant. Here are a few things that the federal government looks at when determining eligibility:
Total household income from you and your spouse, if applicable, is looked at.
Household size is also looked at, as is how many people in your household are currently in college. This number is used in conjunction with your household income to determine how much extra money your family has.
If you have ever had a Pell Grant before, the government will look at grades and withdrawal rates to determine how well you did in school while receiving federal assistance.
If you have been convicted of certain drug charges, you will not be eligible for a Pell Grant.
Also, remember that eligibility is not cut and dry. If you make too much money or if your household size is too small for you to be eligible for the full amount, you might still receive some Pell Grant money. The amount that you receive is also dependent on how many hours you enroll in school; for example, you will receive more money if you enroll full-time than if you only take one or two classes.
The only way to find out if you qualify for free money for school is by applying. The application doesn’t take long, and you might be surprised to find that you are fully eligible to receive a Pell Grant for your educational goals.