Tag Archives: Pell Grants

Can Parent and Child Both Receive Pell Grants?

It is not uncommon for a child and one of his/her parents to enroll in college together. If both of them manage to receive a Pell Grant, they will really have a less problematic start at school. Indeed, the family budget will be relieved to a great extent. Still, both parties should know how the Pell Grant sum they receive is determined. The parent and the child should be aware of the ways in which their individual financial aid eligibility is affected by the eligibility of the other. In this way, both of them will be able to manage their finances more effectively.

If the child is not dependent on their parent’s finances, then the two have separate expected family contribution (EFC) information and scores. This means that the Pell Grants received by both students are determined separately. As a result, any changes in the financial or student status circumstances of the parent or the child will not affect the scholarship received by the other party.

This is usually not the case when the child student is financially dependent on the parent who is also pursuing a degree. If any of them drops out of school for whatever reason, this means that the expected family contribution status of the other changes automatically. For instance, if the parent decides to quit, then the family will have more funds available to support the child student. Similarly, if the child drops out of school, the parent will automatically have fewer expenses and higher income which increases their EFC. As a result, the size of the Pell Grant received can be changed accordingly.

Still, there is no reason for the student who is still attending school to become ineligible for the funding. The other one, however, will not receive the Pell Grant any more. It is even possible for the quitting student to have to return part of the sum they have already received as part of the scholarship.

Generally, the whole situation with a child and parent attending one college and receiving Pell Grants can be quite complex. Most schools follow standard practices in such cases, but they have their own rules as well. In addition, the college may have taken into account the special circumstance of both parent and child pursuing a degree. In turn, specific arrangements may be applicable. For these reasons, if you are in one of the situations described above, you should contact your school’s financial aid office to clarify matters for you. The staff should be able to explain whether your Pell Grant will be affected and how.

Overall, you should not leave any student or related financial matters unresolved. It is hard for both a parent and a child to attend college at the same time, but as long as you can manage your Pell Grant and your other finances, you will be fine. If you cannot find the information and answers you need in the general guides, you should not hesitate to contact the financial aid office of your school.

Where To Look For Pell Grants

Pell Grants are among the most sought-after scholarships in the country. This is due to a number of reasons – for one, you don’t need to repay the amount. Apart from that, the conditions to apply for these grants are more relaxed when compared to other forms of aid. If you are looking for some funding for your higher education, a Pell Grant is certainly an option to give a try. However, it’s important to know where to get the right information and application forms for these grants.

The FAFSA Factor

When you apply for a Pell Grant, you will need to fill in an application form known as FAFSA – that stands for Free Application for Student Aid. There are two important things to bear in mind about this application – first, it’s free. Be wary of anyone who asks you for money for these applications. Second, there is no specific application for the Pell Grant – your eligibility will be decided according to the information you provide on this application.

There are four ways to get a FAFSA application. You can do it the old-fashioned way and write to the US Department of Education for it. You will need to address your request to the Federal Student Aid Information Center in Washington and specify the award you want. You can also call the Aid Hotline at 1-800-4-FED-AID.

Schools And Libraries

Majority of post-secondary schools have a financial aid office that can supply you with an application form and any other information you need. If you get your application from your school, it will be specially stamped with the school’s code. If you have trouble filling out the form, you can ask your financial aid advisors to help you with that, as well. High school students should specially ask their school counselor for help with FAFSA applications. Many people are unaware that libraries also supply FAFSA applications. These forms are usually kept near the tax forms – if you can’t find them, ask at the information desk.

The fourth way to apply for a Pell Grant is to go via the internet. At the FAFSA website, students can fill in their application online – this has a number of advantages. For one, it saves an enormous amount of time – you don’t have to worry about missing deadlines because of postal delays; you can literally submit your application in seconds. You also don’t have to worry about your application going missing in the mail. The website also allows you to save an incomplete form so that if you are busy with something else, you can complete it later. It’s also worth noting that online applications are processed much quicker than paper ones.

Pell Grants are given by taking into consideration the student’s need. This includes various factors like family income, number of dependants in the family and whether the student works, as well. At the end of the day, these grants are a welcome monetary boost. There is nothing to lose and everything to gain by applying for Pell Grants.

How To Get Money For Your Educational Expenses Through Pell Grants? | Pell Grant

In the US, the federal government offers several scholarships, grants, and loans to students to enable them to take care of their educational expenses. One such aid is Pell grant. This grant is available to students belonging to low-income group. It is given on first come first basis and hence students are advised to apply early.

Eligibility Requirements

To get any federal aid, you must be a citizen of the US. You should be enrolled in an undergraduate program to get Pell grant. In some cases, postgraduate students may also get this grant. If you have already completed 4 years of college, then you cannot get Pell grant for attending any other undergraduate program. The other important condition is that you must have regular college attendance and your academic performance should be satisfactory.

How To Apply?

You should obtain the FAFSA (Free Application for Federal Student Aid) form that is available in schools, colleges, and federal aid offices. You can also download this form at www.fafsa.ed.gov or you can fill the form online. The last date for submitting the application form is June 30, 2012.

How Is The Grant Determined?

It is a need based financial aid given to the students to pursue undergraduate programs. The main factors on which the grant depends are –

• Family income (dependent students) or personal income (independent students)
• Size of the household
• Number of family members attending college
• Cost of attending the college
• Whether you are a student of full time or part time course
• Age of parents

What Is The Maximum Amount That You Can Receive?

There is a budget for Pell grant that is set each year by the US Department of Education. The maximum amount you can receive depends on the Pell grant budget. According to the legislation the students can receive maximum $5,800 as Pell grant. Last year, $5,550 was the maximum amount awarded for Pell grant. For 2011-2012, the maximum is $5,550.

How Can I Increase My Pell Grant Amount?

Pell grant offered is COA (Cost of attendance) – EFC (Expected family contribution). If your EFC is low, then you are eligible for a higher Pell grant. EFC is calculated using your personal or family income, investments, and assets. If you have fewer investments in your or your family’s name, your EFC will reduce. This may increase your grant amount.

Who Can Be Disqualified From Pell Grant?

• Drug conviction: If while getting a Pell grant, you are convicted of possessing drugs or dealing with drugs, then you are disqualified.
• Incorrect information: If any of the information given in the Pell grant application form is found to be incorrect, you will be disqualified.

In short, you should apply for Pell grant only if your personal or family income is low. You can also apply for other grants while receiving Pell grant like Academic Competitive Grant or Smart Grant. All these aids and grants can help you to continue your higher education without any financial burden.

Pell Grants – Do You Qualify For This Federal Financial Aid? | Pell Grant Eligibility

If you belong to a low-income family, you may find it very difficult to finance your higher education. In fact, this is the main reason why many undergraduates never get to earn a bachelor’s or a professional degree. Pell grants offer a great solution to this problem. It is a Federal Government grant, which may sound like a loan, but is different from loans in a way – you do not have to repay the amount ever. These grants are awarded to undergraduate students who are financially not sound enough to go for higher education. The Federal Government started offering this grant in the year 1960 with an objective to help financially poor undergraduate students receive college education.

Pell Grant Eligibility Criteria

There is certain eligibility criteria that you need to fulfill in order to qualify for Pell Grants. First and foremost, these grants are awarded to only those students who are making satisfactory progress with their studies but need financial support to continue their education. The family income of such students should not be more than $20000 per year. However, there can be some exception – subject to the sole discretion of the Grant Committee. You will also have to prove that you are educated enough to benefit from the higher education for which the Pell grants are offered. In general, you must have at least a GED or a High School diploma. Besides that, you must be a US citizen with a valid social security number. However, if you are already in default of another Federal student loan or grant, you will not be able to qualify for a Pell grant.

However, before the grant money is paid to you, you will be asked to fulfill a form (FASFA form) to certify that you are going to use the money only for educational purpose. There are 5400 participating institutions where you can enroll in a bachelor’s or a professional degree course.

Documentations

You can apply for Pell grants online by completing the Free Application for Federal Student Aid form. The information provided by you will be verified and if you meet the minimum qualifying criteria, you will be asked submit some documents to your financial aid office. The documentation may include the following –

  • Social security
  • W-2 information
  • Bank statements
  • Information about investment and mortgage
  • Business records, if any
  • Actual or estimated Federal tax returns
  • If applicable, the details of untaxed income e.g., veteran’s benefits

The complete process may take around two months. The period can be even longer in case there are some issues to be resolved during the verification process. The good thing is that a student can apply for Pell grant every year and be awarded – provided he/she meets the eligibility requirements thoroughly. However, a single student can be awarded only one grant per academic year.

It is also important for you to understand that Pell Grant is not considered an income or asset. Therefore, receiving the grant money will not affect your eligibility for other financial aid programs, such as the Social Security Disability Insurance program or Supplemental Security Income program.