Why do schools differ in the amount of pell grant?

Question

I have applied to 3 different schools and they have all given me 3 different amounts for my pell grant. Can they do that.

Answer 1

If your efc is giving to 3 different in 3 different states, then it is understandable. Efc will fluctuate because of the cost of living of that state. That is what I have seen when applying for graduate aid

Answer 2

The pell grant amounts depend on:
(1) the student’s expected family contribution (EFC);
(2) the cost of attendance (as determined by the institution);
(3) the student’s enrollment status (full time or part time); and whether the student attends for a full academic year or less.

The formula is standard and determined by congress.

So of those things, if the tuition is different, the grant amount will be different.

One thing you must keep track of is your school loans. Don't worry too much about how much the loans cost now, because when you finish or leave school, you should IMMEDIATELY consolidate your school loans AND sign up for electronic payment. The details are here http://consolidateloannow.com and for electronic payment discounts is here:

http://consolidateloannow.com/archives/6

Start planning now, and talk to the financial aid office NOW, don't wait until you are in school or worse, when you are ready to graduate.

Answer 3

Yes, the grant is based on the schools tuition and other factors, so eahc different school would offer a different amount. The grant is a percentage of the schools tuition

Answer 4

different school cost differ prices the more the tuition the more money you will get back in grant.

Answer 5

It definitely depends on the tuition of the school, along with the potential student's income and their parents income