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
