The Pell Grant eligibility information guides you on ways to avail this privilege. You need to know that Pell Grant is a form of financial assistance given by the government to deserving students who would like to pursue a higher education. The government grant can go as high as $5,500, which is $200 dollars higher for 2011, and has no need for repayment.
It is the government’s way to extend aid to low and moderate income earners, who would like to send their children to college. To be eligible of the free government grant, the applicant should be an American citizen or a permanent resident of the country. He should also possess a high school diploma, GED or documents that allow him to be eligible for the grant. You should also be enrolled in college and have never received any bachelor’s degree. These are the criteria required for applicants when they want to obtain a Pell Grant.
If you want to avail this U.S. government grants, you should apply early. The deadline usually happens spring of each year, where you seek funding. As the grant money usually come first-come, first-serve basis, you should be quick in the application. You just need to possess the criteria shown above, so you qualify the grant. Pell Grant does not really need you to have good grades; but you should have the urge to finish your college education at all costs.
When applying for a school grant, you should gather all financial documents like tax records, driver’s license, and most recent bank statements. You can likely get this information from your parents. This is in preparation when you accomplish the Free Application for Federal Student Aid (FAFSA), which are given through your school counselor’s office or from the Pell office. You can also obtain the application through the designated government site. You just have to fill out the form and allow time for it to be processed.
When your FAFSA has been approved, you will receive a Student Aid Report (SAR). This is the response to your FAFSA application. And from here you will know if you are eligible for the Pell Grant and how much government grant money is awarded to you. This will also show where you can claim the money once approved.
The Pell Grant eligibility information based the awarding through the student’s enrollment status, which will give him the smallest award of $555 or $5,550 for full time students. For three quarter time, they will give him $4,163; for half time $2,775; and for less than half time $1,388. The amounts will vary if they have participated school on a full-time or part-time basis.
Students now have the privilege to avail college grants through the Pell Grant. This is a great privilege given by the government to students who can comply with the requirements. Now that you have built your dream of finishing school, this gives you an opportunity to land better jobs in the business world.