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Learn about Federal Pell Grants and visit the largest FREE scholarship search on the internet, with more than 400,000 scholarships worth over $1 billion. Get accurate, updated information on pell grants, scholarships, other grants, and fellowships, all at absolutely no cost. The only scholarship search service that allows students to apply online through the E-Scholarship program. Sign up now!

 

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It just takes a few minutes to find out about Federal Pell Grants and learn more about scholarships, student loans, all other types of grants, funds, college money, work study, awards, great scholarships, other loans, free college money, financial aid, Stafford Loans, Perkins Loans , PLUS loans, pell grants, TAP, etc. Get accurate, updated information on scholarships, pell grants, and fellowships, all at absolutely no cost. This is the only scholarship search service that allows students to apply online through the E-Scholarship program.

Federal Pell Grants

What is a Federal Pell Grant?

A Federal Pell Grant, unlike a loan, does not have
to be repaid. Pell Grants are awarded only to
undergraduate students who have not earned a
bachelor's or professional degree. (A professional
degree would include a degree in a field such as
pharmacy or dentistry.) For many students, Pell
Grants provide a foundation of financial aid to
which other aid may be added.

How do I qualify?

To determine if you're eligible financially, the U.S.
Department of Education uses a standard formula,
established by Congress, to evaluate the
information you report when you apply. The
formula produces an Expected Family Contribution
(EFC) number. Your Student Aid Report (SAR)
contains this number and will tell you if you're
eligible.

How much money can I get?

Awards for the 1999-2000 award year (July 1, 1999
to June 30, 2000) will depend on program funding.
The maximum award for the 1998-99 award year
was $3,000. You can receive only one Pell Grant in
an award year. How much you get will depend not
only on your EFC but also on your cost of
attendance, whether you're a full-time or part-time
student, and whether you attend school for a full
academic year or less. You may not receive Pell
Grant funds from more than one school at a time.

How will I be paid?

Your school can either credit the Pell Grant funds
to your school account, pay you directly (usually by
check), or combine these methods. The school
must tell you in writing how and when you'll be
paid and how much your award will be. Schools
must pay you at least once per term (semester,
trimester, or quarter). Schools that do not use
formally defined, traditional terms must pay you at
least twice per academic year.

Can I receive a Federal Pell Grant if I am enrolled
less than half time?


Yes, if you're otherwise eligible. You won't receive
as much as if you were enrolled full time, but your
school must disburse your Pell Grant funds in
accordance with your enrollment status and cannot
refuse you an award simply because you're enrolled
less than half time.


Excerpted from "The Student Guide", prepared by
the U.S. Department of Education.

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