Federal Pell Grant
Grants are one of the many financial assistance programs that are offered to students who want to pursue college programs. These programs offer students free money. It means that students do not have to repay the amount that they get through these financial aid programs. They can use grant money for tuition fee, books, housing, travel, and other related expenses. There are various types of grants that are offered by different organizations. The eligibility and cover in these programs vary by their type.
What is Federal Pell Grant?
Federal Pell Grants are one of the many types of financial aids that are offered to the students by the government. These grants are meant to facilitate students who lack the funds to enroll in college degree programs. This grant is sponsored by the U.S Department of Education. Just like other grants, students do not have to repay the money that they get in Federal Pell Grant. Most of these grants are meant for undergraduate students. Students in post-baccalaureate teacher certification programs can also benefit from these funds.
Federal Pell Grant Requirements
To get the Federal Pell Grant, students need to demonstrate financial need.
The Department of Education also considers other factors to determine the amount a student should be given. These may include the status of a student, his/her plans to attend school and more. Students who want to apply for Federal Pell Grant must also be less than 24 years of age. They also need to have a high school diploma or a GED to apply for Federal Pell Grant. The ones with family incomes up to $45,000 can apply for these grants. Besides, students must be a U.S citizen to apply for these financial aid programs.
Benefits of Federal Pell Grant Program
There are various benefits of Federal Pell Grant. However, the major advantage of these programs is that they allow students to have free money for college. As the students do not have to return the funds they get in this program, they can focus on their studies without worrying about the repayment of the amount they get.