Pell Grant eligibility: Do you qualify?
Pell Grants are financial aid provided by the federal government and eligibility depends on a students’ demonstrated financial need. These grants are specifically aimed to support undergraduate students. Like other scholarship grants, Pell Grants do not need to be paid back! This makes them a very valuable source of financial aid for students who are hoping to graduate from college debt-free!
How do I apply for a Pell Grant?
To apply for a Pell Grant, students need to submit a Free Application for Student Aid (FAFSA). Similar to other federal student aid, students will need to resubmit the FAFSA each year to stay eligible.
>>>Resource: Apply for the FAFSA with this FAFSA 101 Guide
When is the deadline for applying?
Students must complete the FAFSA and apply by the FAFSA deadlines. The Federal FAFSA deadline is June 30th, but there are state specific deadlines that can vary depending on your state of residence.
Who is eligible for Pell Grants?
Students to meet the following criteria:
- Must be a United States citizen or eligible non-citizen (which includes refugees and asylum seekers)
- Students can be enrolled in college full time or half time
How much grant money could I get?
The maximum amount awarded through the Pell Grant can change from year to year. For the 2019 to 2020 academic year, the maximum Pell Grant award is $6,195. However, this is the maximum amount and the actual amount students receive will depend on their actual financial need.
Is there a time limit to use the grant?
Students are eligible to use the grants for up to 12 academic semesters.
Pell Grants are simply another great reason to fill out the FAFSA! This grant money does not need to be repaid and can be renewed for up to twelve college semester. Over four years of college, these grants could be worth nearly $25,000! This is no small chunk of change and can be a meaningful way to keep your debt down!