10kScholarship.com | Federal Pell Grants - Eligibility and information on Applications

Federal Pell Grants

A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor's or a professional degree. Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added.

How much can I get?
Pell Grant amounts for the 2005-2006 award year (July 1, 2005 to June 30, 2006) will range from $400 to $4,050. How much you get depends on your Expected Family Contribution, 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 receive only one Pell Grant in an award year, and you may not receive Pell Grant funds from more than one school at a time. See http://www.fafsa.ed.gov for more information.

If I am eligible, how will I get the Pell Grant money?
Your school can apply Pell Grant funds to your school costs, pay you directly (usually by check), or combine these methods. The school must tell you in writing how much your award will be and how and when you'll be paid. Schools must disburse funds at least once per term (semester, trimester, or quarter). Schools that do not use semesters, trimesters, or quarters must disburse funds at least twice per academic year.

Please also see our information about General Scholarship Information as well as our Financial Aid Overview section for additional information.

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