How to Get the Federal Pell Grant
Where to look for Federal Pell Grant
Federal Pell grant is famous all over the world due to the reason that the program has been given name from the name of former senator of USA i.e. Claiborne Pell. The federal Pell grant has been given to the students of America who could not bear the expenses of their education by applying for the same on the prescribed format by the government of the United States. If you want to avail the Pell grant then you have to fulfill the criteria of getting the same besides applying for the same from the government. If you did not meet the eligibility criteria then you could even get the form of Pell grant to apply. For example if you belong to a rich family who can bear all the expenses of your study very easily then you may not eligible for applying the grant.
Expected Family Contribution (EFC) and Federal Pell Grant eligibility:
On the other hand if you are a shinning student and want to continue you study but the financial matters are the hurdle in way of completion of your education then you deserved to get the Pell grant and you are also eligible to apply for the same by filling a prescribed application for the purpose. Though the obtainment of this grant is not an easy process but once you get the same then you do not have to return the same to the institution as well as you do not have to pay any of your study fee to the institution. You can study with calm after having the Pell Grant.
Once you meet the eligibility criteria and get the form for applying the federal Pell grant which has to be submitted after filling all the required fields about you as well as your family and income of the family. After the submission, the management conducts an inquiry about all the fact & figures written by you in the form before deciding to approve the Pell grant for a student. If the management found that all the particulars are right and you deserved for the grant then they may approve the grant for your study which could be up to five thousand American dollars which is enough for completing one’s study.
Though with the help of federal Pell grant you cannot manage all of your expenses of study but it will definitely be a source of relaxation for you because at least you do not have to pay the tuition fee of the institute.
Here is the federal pell grant eligbility:
1. Undergraduate student who has not earned a bachelor’s degree
2. A U.S. citizen or an eligible noncitizen.
3. Have a high school diploma or a GED, or demonstrate the ability to benefit from the program
4. EFC is within range of federal pell grant eligibility.
EFC or Expected Family Contribution is a term used in the graduation college financial aid process in the USA. It is an estimate of the parents’ or student’s ability to contribute to post-secondary education expenses. Usually, the lower the EFC the higher the financial aid award from the college may be (within the limit of federal pell grant for the year). 0 is the lowest EFC number and 99,999 is the highest.
The EFC is calculated based on a student’s responses to questions in the FAFSA if the FAFSA was completed without significant errors. Some colleges and universities may use the CSS Profile to calculate EFC . A major difference between the FAFSA and the CSS Profile is that the CSS Profile takes home equity (value of your house) into account when determining ability to pay, while the FAFSA does not.
The EFC is usually subtracted from the cost of attendance (COA) of the college or university to determine a student’s financial need. If COA > EFC, then a student has financial need.
Eligibility for a number of federal, state, local, and institutional aid programs is based on a student’s EFC.
Items that will lower a student’s EFC:
- Additional family members supported by the head of the household (e.g., siblings or grandparents who are living at home)
- Additional siblings in college
- Lower income (especially student income)
- Fewer assets (especially student assets)
For the 2010–2011 school year the maximum amount paid as federal Pell Grant is $5273.
Useful websites to apply for Federal Pell Grant:
1. Non government but has an extensive database of college scholarships and financial aid for almost every professional courses: $10K College scholarship
2. http://www.fafsa.ed.gov/ You can request a paper FAFSA from the Federal Student Aid Information Center (FSAIC) at 800-4-FED-AID (433-3243). Check with your chosen college to find out its preferred filing deadline for the FAFSA.
Few things you should know beforehand about federal pell grant:
Almost two third of college students in USA get federal pell grant but varies in amount depending on EFC score. The college may credit your federal pell grant money to your account as deduction from cost or directly to you or combination of both. The college must notify you when they give you the fund , what is the amount and what mode of payment.Colleges must pay at least once per term, whether that is a semester, trimester or quarter. Colleges that don’t use formally defined traditional terms must pay the student at least twice .
To know more about federal pell grant , please visit our page federal pell grant