Pell Grant

The Pell Grant is the most popular educational grant available with an estimated four million students receiving it yearly. This grant is need-based and is used in conjunction with other forms of financial aid such as student loans. Unlike a student loan, money received from a Pell Grant does not have to be repaid.

Eligibility - Student must be a citizen or permanent resident of the United States. Student must be enrolled in a post-secondary institution as either a full or part-time undergraduate student (students enrolled in a post-baccalaureate teacher certification program may also be eligible).

Maximum Allowed – The maximum that a student can receive for the award year of July 1, 2004 to June 30, 2005 is $4,050. This amount can change each award year.

Minimum Allowed – The minimum that a student can receive for the award year of July 1, 2004 to June 30, 2005 is $400. This amount can change each award year.

Disbursement – The school you attend will inform you in writing of how much and when you will get paid. The school will disburse the award either by crediting your account, writing a check, or a combination of the two. Schools are required to pay you at least twice per academic year; most schools pay at the beginning of each semester or trimester.

Click here to see if you are eligible for Financial Aid

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