Every year, a million students apply for federal Pell grants in order to pay for their higher education

Every year, a million students apply for federal Pell grants in order to pay for their higher education, updated 9/29/24, 6:15 PM

Federal Pell Grants are need-based financial aid from the U.S. government that helps low-income undergraduate students afford college. Unlike loans, these Federal Pell Grants do not need to be repaid, making higher education more accessible. Learn more at Federal Pell Grants.

About Government Grant

Government grants are monetary allotments from the US Government awarded to certain individuals who formally apply and are deemed eligible. These grants are given at the local, state, and federal levels of government. Government grants can be sought after and used for a variety of purposes such as to pay off debt, start a business, pay college tuition, etc.

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Every year, a million students apply for federal Pell grants in order
to pay for their higher education

The majority of students believe they don't have enough money for their education
and other associated costs. Seeking grants from the federal and state governments
would be a preferable course of action compared to taking out an education loan.
Millions of students from the US and other countries apply for and are awarded the
Federal Pell Grant each year, making it one of the most well-known grants. The best
part about the grant is that, unlike loans, it does not need to be returned. Need-
based student aid is provided by the federal Pell grant program; recipients can use
the funds for a variety of expenses, including tuition, books, room and board, and
transportation.

The award is named after Senator Claiborne Pell of Rhode Island's name, who in 1972
collaborated with education policy specialist Lois Rice to create an award for
postsecondary education. Filling out the Free Application for Federal Student Aid
(FAFSA) form via the institution or college where they are enrolled is the first step in
the application process. The online form is available for submission during the first
week of October every year. The US Department of Education (DoE) establishes a
cap on the maximum amount that a student may receive through the federal Pell
grant program each year. The sum for the 2023–24 academic year is $7,395. The
amount that can be awarded under the federal Pell grant program is determined by
the school. The basis for this computation is the discrepancy between the cost of
attendance (COA) at the institution and the Student Aid Index (SAI), which is
determined by the FAFSA.

Certain students, including those whose parent was killed in the conflicts in
Afghanistan or Iraq, may be entitled to receive even higher sums than the maximum
award, even if they may not be eligible to receive the full amount.

Qualifications for federal Pell grants:

 Must possess a GED or diploma from school
 Be accepted or enrolled in a program that has been authorized
 Fill out the FAFSA
 Own an active Social Security number
 Continue to do well academically in school

The application should also meet any of the requirements listed below.

 Be a US national, US citizen, or possess a Green Card
 Own a T-Visa, an Arrival-Departure Record, or a damaged immigration status


Repayment of the award money is not required

The grant amount may be paid to the student directly, funded into their account
directly by the college, or a combination of the two. Nonetheless, the student must
be informed by the college of the Pell grant amount, as well as the manner and date
of payment. Regardless of the term—semester, quarter, or trimester—colleges are
required to pay at least once. Repayment of funds obtained through the federal Pell
grant program is not mandatory until specific circumstances arise, such as the
recipient modifies their enrolment status or drops out of the course.

Additional grant options that merit investigation

Up to six semesters may pass before the award money is distributed. Every year, the
student must apply for the federal Pell grant program. The Federal Supplemental
Educational Opportunity Grant (FSEOG) and the Teacher Education Access for College
and Higher Education (TEACH) Grant are two other grants in education that are
worthwhile looking into. The grants.gov website provides further details on all
federally supported grant options, including federal Pell grants.

Additionally, GovernmentGrants.us provides information on the government Pell
grant program as well as additional award options such as grants for women-owned
businesses, funds for Hispanic minorities, grants for homes, and more. You will need
to register on the website and pay a $29.95 monthly membership charge in order to
do this. In the event that your grant application is denied, your membership fee is
refunded.
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