Online Calculator | Want To Apply For The Pell Grant? Find Out How

Want To Apply For The Pell Grant? Find Out How

The Pell grant is a federal educational grant sponsored by the Department of Education. It is named after Claiborne Pell, the Democrat senator from Rhode Island State. The Pell grant was instituted to provide educational funding to undergraduate college students. The Department of Education awards the grant to deserving applicants on an yearly basis.

To apply for Pell grant the following terms and conditions must be met. The applicant must be an American citizen or an eligible non citizen, should possess a valid ssn, should not have any criminal records, and should be pursuing an undergraduate course at one of the participating colleges. Male candidates must be registered with the selective services. Also, the applicant must have a GED or high school diploma or equivalent.

Given the previously mentioned criteria are fulfilled, the most important criterion is the need for financial aid. The help is granted only when all of the above factors are satisfied. To apply for Pell grant the aspiring candidate needs to fill in and submit the Free Application for Federal Student Aid (FAFSA) form. The online edition can be obtained at www.fafsa.ed.gov.  In the interest of expense and convenience it is best to apply online, even the federal student aid authorities promote online submissions. The website also offers thorough instructions in case you need any.

Taxation assessments, investment and bank statements, w-2 forms, along with identification documents must also be submitted. Based on these and certain other information offered in the application, the Department of Education calculates the applicant’s Estimated Family Contribution (EFC) using a standard formula. Only those students whose EFC is below 5300 USD are eligible for the grant. Each candidate is mailed a Student Assessment Report (SAR), which intimates him about his application status.

The applicant’s institute is also issued an Institutional Student Information Record (ISIR). The grant is handled and reimbursed by the institute, and it is given annually. The grant is continued subject to fulfillment of the minimum performance requirements. While you apply for Pell grant you possibly can visit the website or even the student aid office at your institute for more assistance.

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