Pell Grant Basics

One of the most helpful and important grants a student can receive is the Pell Grant. Pell Grants are financial assistance from the U.S. Department of Education for students from low-income families. Pell grants are not loans and do not have to be repaid. Students in this program receive a set amount of money each year to pay their tuition fees.

Pell Grants are available to U.S. citizens and non-citizens with special circumstances. The government uses a standard formula called the Expected Family Contribution (EFC) to determine whether an applicant is eligible. This formula basically takes into account your family's income and calculates how much your family can contribute towards college tuition. Students whose combined family income is less than or equal to $60,000 are eligible to apply for this financial aid. The federal government receives many applications each year, and unfortunately, not all families who apply receive a scholarship. Due to limited financial resources, the subsidies are primarily targeted at low-income households with annual incomes of less than $30,000. Additionally, to be eligible for the scholarship, applicants must be undergraduate students with a high school diploma. Applicants must also have a satisfactory academic record.

From 2011 to 2012, the maximum amount she can receive is $5,550. The exact amount you receive will depend on your EFC, tuition fees at your chosen university, and materials such as books and housing. Students can choose from the 5,000+ participating universities. When a student is offered a Pell Grant, the amount is paid directly to the school of their choice. This amount will be credited to the student's account as tuition fees upon registration. Any remaining money will be returned to students and can be used for food, books, and other living expenses.

If a student receives a Pell Grant, there are several rules that must be followed. One of them is maintaining good academic performance. If a student fails or misses class, he or she will be considered in violation of the course completion rules. If a student is found to have been involved in a drug or sex crime, the scholarship will be lost, and the student will not be able to reapply.

Eligible students can apply for Pell Grants and other federal aid by filling out the Free Application for Federal Student Aid (FAFSA) on the Department of Education's official website. This form is also available at most schools and universities.

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