What Is A Pell Grant And Why Should I Apply?

Sep 12 • Education • 446 Views • Comments Off on What Is A Pell Grant And Why Should I Apply?

As summer comes to an end, many students (returning and new) begin to think about college finances. The cost of tuition, books, registration fees and of course, living expenses, can seem overwhelming at first. There is no denying that college is expensive, but there are lots of ways students can get some help paying the bills, including Pell Grants.

What is a Pell Grant?
One excellent option is a Pell Grant. Pell Grants are grants given by the United States government to students who are activity pursuing their education. Grants don’t have to be paid back, so unlike with your student loans, you won’t have to accrue interest and worry about debt when you graduate.

To qualify for a Pell Grant, you’ll have to meet certain requirements. One of the biggest things taken into consideration is your income. When you apply, you’ll be asked to provide information about your employment and how much you earn. If you fall below a certain income level, you may be eligible for a grant. Pell Grant applications also require you to be enrolled in classes and have a high school diploma or GED.

How to I Apply?
To apply for a Pell Grant you’ll need to fill out a FAFSA form. This form will ask about your eligibility and details about the school you are attending. This form is easy to fill out and can be completed online. There is also a feature that allows you to save the form and return to it later.

After you have filled out your FAFSA, you will be considered for a Pell Grant and you will be contacted if further information is required and with the results of your application.

Why Should I Apply?

Pell Grants are a great way to pay for college because you don’t have to pay them back. Student loans are also a good route to take, but will add to your debt. Also, with Pell Grants, you only have to meet certain financial qualifications and meet satisfactory progress requirements, unlike scholarship programs. Many scholarship programs require you to compete for awards or to earn near-perfect grades. The Pell Grant program allows for more flexibility.

If you are planning on enrolling in classes, you should definitely consider applying for a Pell Grant. These government grants are awarded based on financial need, and don’t have to be paid back after graduation. What are you waiting for? Apply today!

Jill Hardy writes for UniversitiesOnline.net, a website that is geared toward helping students find associates, bachelors and even masters degree programs online.

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