Essential Facts About the Pell Grant for Students
Learn key facts about the Pell Grant, the largest federal student aid program that provides need-based financial assistance to undergraduates. This guide covers eligibility, application process, and maximum award details to help students maximize their educational funding opportunities.
The U.S. Department of Education has long worked to make higher education more affordable and obtainable for students nationwide. One of their main initiatives is offering various federal and private grants, with the Pell Grant standing out as the most significant and accessible. Unlike many other grants, recipients of the Pell Grant are not required to repay the funds, making it highly valuable for eligible students.
The Pell Grant is primarily targeted at undergraduate students based on financial need. It is awarded annually to thousands of students, with the maximum award for the 2017-2018 academic year reaching $5,920.
Important Points to Know
The Pell Grant is the largest federally funded grant for students, awarded solely based on financial need. It mainly benefits undergraduates and is granted annually. To qualify, students must meet all eligibility requirements, including completing the FAFSA form, which assesses their financial situation. The grant is available to U.S. citizens or eligible non-citizens enrolled in approved programs. Even those enrolled in post-baccalaureate certification can qualify. The application process involves submitting FAFSA, after which students receive a financial aid award letter detailing the Pell Grant amount allocated for the academic year. Since the grant is awarded annually, students need to reapply each year of their study program.
