14 April 2016

Federal Pell Grant Program For College-Find Best Educational Grants For You

College admission for higher education can be an expensive endeavor for meritorious students from low-income families. Consequently, students give up their dreams due to death of money resulting in limited job opportunities. Higher degrees facilitate in attaining a stable financial life and better professional growth. The government hence offers the Federal Pell Grant that covers educational expenses, enabling students to realize their goals.

Federal Pell Grant has reduced dropout rates by encouraging more and more students to enroll in colleges and pursue their educational degrees. If you are in need of educational grants, apply for the Federal Pell Grant.
The Federal Pell Grant
The Pell Grant is a need-based grant awarded to financially constrained undergraduate students to help them pursue their post-secondary education. Students must fill up the Free Application for Federal Student Aid (FAFSA) government form based on which the Department of Education determines the monetary need of the recipient. The grant amount can be used for enrolling in one of the 5,400 post-secondary colleges but students will obtain the grant money from only one college at a particular time.
Federal Pell Grant Program For College
The Federal Pell Grant lays down certain criteria for allotting the grant amount:
The Expected Family Contribution (EFC) of the student
The institution’s cost of attendance or the college cost
The enrollment status of the student,if it’s a full time or part time course
The attendance of the student,whether it’s a full academic year or less than a year course
Eligibility Criteria for Federal Pell Grant
According to the U.S. Department of Education maximum amount of $5,775 was awarded for the year 2015-2016 (July 1, 2015, to June 30, 2016). Over the years, the grant amount has been escalating resulting in less college dropout rate.
There are specific eligibility standards for the students who wish to apply for the Federal Pell Grant:
Must be vocational or undergraduate students
Must be accepted to be enrolled as a student in a certificate program or for an eligible degree
Should show a consistent academic improvement in college
Students must be U.S. citizens or be a legally approved permanent resident of the U.S.
Applicants cannot have default federal student loans
Need to showcase monetary need
The grant amount must be used only for educational need and also sign a document
If the applicants meet all the decisive factors they obtain the Student Aid Report (SAR) or the college receives the Institutional Student Information Record (ISIR) that qualifies the student for the Pell Grant. The amount is granted once in a term or twice in an academic year.
The Federal Pell Grant money compensates for college fees, academic needs, room rent for students staying in the college campus, books, transportation and other living expenses. The institution in which the student is enrolled receives the grant amount.
If you aspire to pursue your educational dreams and fulfill the mentioned terms and conditions; apply for the Federal Pell Grant and get your free grants money!

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