Your education is vitally important. Here, we’ll break down what a Pell Grant is, how to get one, and how it works.
What is a Pell Grant?
A Pell Grant is free money that does not have to be repaid given out by the Federal Government to a student receiving their first undergraduate degree, and in some cases, a post-bachelors programs. They are not automatically awarded, but are dependent upon the financial need of the applicant.
Pell Grants are not available to individuals that are currently incarcerated, or have an involuntary civil commitment (section) due to a forcible or nonforcible sexual offense.
Do I Have to Pay Back a Pell Grant?
No. A Pell Grant is free money that does not have to be paid back.
Am I Eligible for a Pell Grant?
All US citizens are eligible for a Pell Grant, as well as some permanent residents. If you are a male between the ages of 18-25, you must be registered with the selective service in order to be eligible for a Pell Grant.
How Much Can I Get From a Pell Grant?
For the 2016-2017 school year, eligible students can receive up to $5,815.
How Do I Apply for a Pell Grant?
Students can apply for the Pell Grant by filling out a FAFSA (Free Application for Federal Student Aid) by March 1st of each year. From there your eligibility will be determined. If you receive a Pell Grant, it will be distributed directly to your school, and applied to any outstanding fees. If there is any money left over, the school typically will give the student the remaining money to cover any other expenses related to their education.
A Pell Grant is a great way to finance your education if you’re eligible to receive it.
If you’re considering going back to school, join Hardship Aid today, and take advantage of our preferred relationships with top education programs in your city.