Pell grant???

Question

what is it and what does it offer?

Answer 1

A Federal Pell Grant, unlike a loan, does not have to be repaid. Generally, Pell Grants are awarded only to undergraduate students who have not earned a bachelor’s or professional degree. (A professional degree is usually obtained after a bachelor’s degree in a field such as medicine, law, or dentistry.) In some cases, you might receive a Pell Grant for attending a post-baccalaureate teacher certificate program.

To determine if you’re eligible, the U.S. Department of Education uses a standard formula, established by Congress, to evaluate the information you report when you apply (see “Financial Need” by clicking here). The formula produces an EFC number. Your SAR contains this number, in the upper right portion of page 1. This number will determine if you’re eligible for a Pell Grant and for how much.

How much money can I get?
Pell Grants for the 2003-2004 award year (July 1, 2003 to June 30, 2004) will depend on program funding. The maximum Pell Grant for the 2002-2003 award year was $4,000. How much you get will depend not only on your EFC but also on your cost of attendance,* whether you’re a full-time or part-time student, and whether you attend school for a full academic year* or less. You may receive only one Pell Grant in an award year, and you may not receive Pell Grant funds from more than one school at a time.

How will I be paid?
Your school may credit the Pell Grant funds to your school account, pay you directly (usually by check), or combine these methods. The school must tell you in writing how and when you’ll be paid and how much your Pell Grant will be. Schools must pay you at least once per term (semester, trimester, or quarter). Schools that don’t use formally defined, traditional terms must pay you at least twice per academic year.*

Pell Grants are usually a foundation of financial aid, to which aid from other federal and nonfederal sources might be added.

Answer 2

I'm exactly in the same situation. I'm a Vet also and using my MGIB. I think I get about $290/month from my Pell Grant. Are you sure you included your MGIB on your FAFSA? Because I can't see how they'd give you and EFC of 0 if you had. Your EFC basically means you're not expected to contribute anything toward your education--well, with your MGIB you can't really qualify for that since the MGIB goes toward paying for your education. You know? I think in that case the school *is* qualified to take away your Pell Grant. For some reason they see you as making too much money to really rate that grant. I'd double check my FAFSA if I was you. You probably want to set up an appointment with your finanial aid office and see if they can't help you.

Answer 3

What is a Federal Pell Grant?
A Federal Pell Grant, unlike a loan, does not have to be repaid. Generally, Pell Grants are awarded only to undergraduate students who have not earned a bachelor's or professional degree. (A professional degree is usually earned after earning a bachelor's degree in a field such as medicine, law, or dentistry.) In some cases, you might receive a Pell Grant for attending a post-baccalaureate teacher certificate program.

How do I qualify?
To determine if you're eligible financially, the U.S. Department of Education uses a standard formula, established by Congress, to evaluate the information you report when you apply (see "Financial Need"). The formula produces an EFC number. Your SAR contains this number. This number will determine if you are eligible for a Pell Grant and for how much.

How much money can I get?
Pell Grants for the 2002-2003 award year (July 1, 2002 to June 30, 2003) will depend on program funding. The maximum Pell Grant for the 2002-2003 award year is $4,000. You can receive only one Pell Grant in an award year. How much you get will depend not only on your EFC but also on your cost of attendance, whether you're a full-time or part-time student, and whether you attend school for a full academic year or less. You may not receive Pell Grant funds from more than one school at a time.

How will I be paid?
Your school can credit the Pell Grant funds to your school account, pay you directly (usually by check), or combine these methods. The school must tell you in writing how and when you'll be paid and how much your Pell Grant will be. Schools must pay you at least once per term (semester, trimester, or quarter). Schools that do not use formally defined, traditional terms must pay you at least twice per academic year.

Can I receive a Federal Pell Grant if I am enrolled less than half time?
Yes, if you're otherwise eligible. You won't receive as much as if you were enrolled full time, but your school must disburse your Pell Grant funds in accordance with your enrollment status and cannot refuse you an award simply because you're enrolled less than half time.

Answer 4

since this is already been answered I will add more and not repeat what's been said. Pell Grants are only limited to 12 FULL semesters. After 12 semesters of aid you can no longer get a pell. You may still get loans and other aid but not pell.

Answer 5

To get the Pell Grant you need to fill out the FAFSA (Free Application For Federal Student Aid). It is a grant that you get if your family has low income. I get it and it helps, of course every penny you can get for college helps. It has to filled out at tax time every year. The FAFSA also does federal work study.

Answer 6

Pell grant is a federal Grant for education. It is partly based on income, but my income was $40,000 for last year and I still got $275.00 term for college. BTW Grant means it does not have to be repaid. So basically = free money for college students

Answer 7

It is a government based grant that does not have to be paid back. However, it is only issued to low income or needy students---and always based on income or sometimes, disabilty.

Answer 8

better to go work