Student Loans & Financial Aid info

November 19, 2007

Federal Pell Grant

Filed under: Uncategorized — student loans.org @ 9:57 pm

The Federal Pell Grant is the largest federal grant program and is based on financial need. There is no minimum grade point average or other academic requirements, as along as you attend an eligible school. Awards are up to $4,310.

The U.S. Department of Education determines your eligibility based on your answers on the Free Application for Federal Student Aid (FAFSA). Submit your FAFSA as soon after January 1 as possible.

If you receive a Pell Grant, your school will credit your college account with the grant amount, pay you directly, or both. The federal government guarantees that each participating school will receive enough funding to pay the Federal Pell Grants of all eligible students.

Eligible students

  • Student must be pursuing their first undergraduate degree.
  • Student must be U.S. citizens or eligible non-citizens.
  • Student must have a high school diploma, GED, or demonstrate the ability to benefit from the program offered.

Ineligible students

  • Incarcerated students.
  • Students who owe a refund on a Title IV grant.
  • Students in default on a Title IV loan.
  • Males who have not registered with the Selective Service.

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