Federal Pell Grant
One of the most highly accessible grant programs directed toward helping college students with financial concerns is the Federal Pell Grant program. These grants are unique in that they are one of a limited source of free government funding for education. That is to say, students who qualify for a Pell Grant are not required to return the money. Further, the criteria used to determine eligibility do not include grades. Since it is needs-based, the Federal Pell Grant program determines eligibility through the computation of the student's Expected Family Contribution. Awards are given to students who can demonstrate financial hardship.
Further, the amount of the monetary award which students may receive from the program is flexible, changing every year. The federal government determines the overall funding of the program, which in turn imposes restrictions on the amount of the award. Other criteria which determine the amount of the award are the cost of the collegiate classes, the amount of the Expected Family Contribution, and the student's enrollment status, either full time or part time. During the 2008-2009 academic year, the amount which a student could be awarded was capped at $4,731.
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Author: Richard S. JohnsonOne Response
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