Pell grants are forms of tuition assistance available to
eligible undergraduate students enrolled in accredited colleges and
universities. Pell grants are need-based
scholarships, not loans, from the United States government. Pell grant amounts
are awarded annually, however allocated per semester. Potential Pell grant
recipients must apply for the award each year by finishing the Free
Application with regard to Federal Student Aid-FAFSA-available online at fafsa.ed.gov.
Pell Grant Amounts
Pell grants tend to be awarded based on the financial needs of the
individual student as well as on their enrollment status within an accredited school.
Full-time students receive larger Pell grant allocations than part-time
students with a similar financial need. The maximum amount of an annual Pell
grant honor can change based on government guidelines. The maximum amount of
the Pell grant award per eligible student for the 12 months 2010 to 2011 is $5,550.
Eligibility
Eligibility for a Pell grant is restricted to undergraduate
students that evidence a significant unmet financial require in affording college
college tuition at an accredited school. Impartial students or dependent students
from families who earn as much as $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 college student aid
application.
Application
Undergraduate students who submit the completed Free
Application for Federal Student Aid-FAFSA-are automatically regarded as for a
Pell grant. Students can total the FAFSA application online or even by mail.
FAFSA qualifies college 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 paid directly to the accredited
college or university where the student is enrolled. Pell grant monies are
awarded annually, but allocated each semester during the calendar year. For
instance, if a student receives a Pell grant in the amount of $5000 for the 2010-2011
school 12 months, one-half of the award is allocated for the fall 2010 semester--$2500-and
the remaining amount--$2,500-is awarded for the spring 2011 semester. If the
students tuition is already paid through other sources, the school can
allocate the amount of the Pell grant award, partially or perhaps in full, directly to
the student.
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