Online Calculator | Can’t Afford Your College Fees? Apply For The Pell Grant

Can’t Afford Your College Fees? Apply For The Pell Grant

Education is a necessity. It equips people with the tools and knowledge necessary to survive in this highly competitive world. Since the cost of education continues to spiral upwards, people are finding it increasingly hard to fund their education. Getting a degree has become extremely tough for those from low income families. To solve this issue, the government offers many financial aids to help underprivileged students. One such financial aid offered by the Federal Government is the Pell Grant.   

The Federal Pell Grant is a financial aid granted only to undergraduate students. Every year the federal Government allocates a substantial sum of the educational budget for this specific grant. This grant, awarded only to people who need it the most, is a free ticket to college. However, there are some specific criteria which have to be met to be eligible for the grant. The Department of Education calculates every applicant’s EFC, a number which is calculated using aspects like the salary of the parents as well as their assets, number of members in the family etc, and based on this number the eligibility of the student is determined. 

Only undergraduate students can apply for this grant and they must be either US citizens or eligible non-citizens. There are about 5400 institutions that are an integral part of this process; applicants should be enrolled in these institutions to be considered eligible for the grant. You can easily apply for Pell Grant, all you’ve got to do is to fill in the FAFSA form and submit it. You can also apply online; in fact it’s the preferred mode of application.

The Pell Grant is a scholarship made available from the Federal Government and is meant for students from low income families. The main eligibility criterion is the EFC score. If your EFC score is very low then the sum granted would be proportionally big. 

The Federal Pell grant would cover your tuition fees but it won’t cover your personal expenses. A part time job is a popular choice for covering individual costs. For detailed information regarding the Pell grant as well as other monetary aids get in touch with the student aid office at your institute.

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