If you fit in those categories, heres what you oughta know.
What Is a Pell Grant?
The U.S. Department of Education awards federal Pell Grants to low-income students who qualify.
The grants cover tuition, room and board, and other educational fees and expenses.
The Pell Grant is a need-based program that, unlike federal student loans, never has to be repaid.
No Interest Til Almost 2027?
Who Is Eligible for a Pell Grant?
Pell Grant funds are available at 6,000 educational institutions in the country.
Did you know?
How Much Money Can I Receive From a Pell Grant?
The number originates from the financial information provided when youcomplete the FAFSA.
Federal student aid administrators also factor in your schools cost of attendance and your enrollment status.
Your EFC number will determine where you fall in that range.
you could also apply for the year-round Pell Grant if you attend summer school.
Colleges and universities disburse the award funds into the students account balance and are reimbursed by the federal government.
How Do I Apply for a Pell Grant?
The software process is simple enough.
Further, 1.2 million wouldve qualified for the maximum Pell Grant amount.
The takeaway: Always fill out a FAFSA!
You never know what you could be eligible for.
Other FAQs About Pell Grants
A federal Pell Grants is just that a grant.
Its not a loan so you dont need to pay it back with a few caveats.
That could also have tax implications, so its not a good idea all around.
Youll need to reapply for them annually via the FAFSA.
Robert Bruce is a senior writer for The Penny Hoarder.
