What are the Requirements for Pell Grant Application?
What are Pell Grants?
Pell Grants are financial assistance given by the US Department of Education to students who exhibit financial problems. Pell grant amounts vary in every student based on the information written in the FAFSA. At present, a student may be funded with $5,550 (the maximum amount (increasing to $5,645 in 2013-14)) for one school year.
Pell grants are not in any way similar to loans. They are also not re-funded or reimbursed by students. These grants are only used for school expenses and not for personal debt. When the student is warranted with Pell grant, he or she must certify that all the money given is solitarily for school expenditure only.
How to be Qualified for Pell Grants?
The following are the requirements or Pell Grant Application:
- American citizen or qualified non-citizen
- Male of ages between 18 and 25
- Qualified in a degree program/course
- High school diploma or GED
- Post-baccalaureate students
- Must not be in default on any loans
- Must not be involved in illegal use of substances or firearms
What is FAFSA?
FAFSA stands for Free Application for Federal Student Aid. Anyone who wishes to apply for the Pell Grant must fill out this form. The form per se is free for all. Any information provided through the FAFSA is deemed as true and correct. The grant or funds given to student are measured through FAFSA. This governing body form contains a lot of questions that need to be filled out with information like tax and income data, personal data, financial statements educational attainment and other household information. FAFSA forms are obtained from the enrolled school or online. The said forms are enumerated and are set for deadlines.
What is EFC?
One factor that affects the allocation of a Pell grant is the EFC or Estimated Family Contribution. EFC is determined after the FAFSA form is fulfilled. It is reviewed and assessed by the US Department of Education. When the individual has low EFC, he or she has great eligibility for the Pell grant.
Do I Need to be academic in School to get a Pell Grant?
Pell grantees do not need to be intellectual achievers; however, encouragement is made to progress in school. Notwithstanding, receivers of the grant are usually obliged to maintain at least a C average in all his or her subjects.
What Happens after filling out an FAFSA form?
All finished FAFSA’s must be passed to the school financial department (except when they are completed online). The results may well take a few months through the review process. You as the student, (through your school) will be informed if you are eligible to the said grant.
As mentioned, Pell grants are only used for school purposes. If there is an excess, the student will need to pay the money for boarding and school supplies and those other type of items the grant is not for personal use. Students will be informed as to the exact amount of funds. Money can be billed to you directly or via the institution you enrolled in.
Can I Use Pell Grant Outside US?
Enacted in the United States, the only beneficiaries of Pell Grants are Americans and legal non-citizens.