Pell Grants are Awarded through Participating Institutions to Students with Financial Need
Updated: March 18, 2020 | Posted by: foodsupport.org | Related: Easy Loan Application
Federal Student Aid (Pell Grant), which is a part of the US Department of Education, is the largest student financial assistance provider in the United States. There are over 1,200 people who work for Federal Student Aid. We give over $150 billion in the form of loans, grants and work-study. Over 15 million college students get help from Federal Student Aid. Many of these students would not have been able to go to college without Federal Student Aid.
There are many organizations that can apply for government funding opportunities. You can find this information posted on Grants.gov. The majority of applicant organizations come from one of the following organizations:
Special District Governments
Federally-Recognized Native American Tribal Governments
Non-Federally-Recognized Native American Tribal Governments
Public Housing Organizations
Private Institutes of Higher Education
Independent School Districts
State-Controlled and Public Institutes of Higher Education
Public Housing Authorities
Indian Housing Authorities
Both non-profit organizations with and without a 501(C)(3) status with the IRS can qualify.
Small business organizations may be awarded to businesses that meet the qualifications that are set by the Small Business Administration, or SBA. The qualifications that have to be met include the following:
• 100 employees for every wholesale trade industries
• 400 employees for manufacturing industries
• $6 million for service and retail industries
• $0.75 million for farming industries
• $28.5 million for heavy construction and general industries
• $12 million for every special trade contractors
Individuals can submit an application on their own behalf without the help of a government, institution, organization and company. If you register as an individual, then you will only be allowed to apply for individual funding opportunities.
Free Application for Federal Student Aid
Anyone who attends a two or four-year college can fill out a Free Application for Federal Student Aid. You must be a U.S. Citizen or eligible non-citizen in order to fill out an application. You must also have a SS number or social security number. If you are a male who is between the ages of 18 and 25, then you must register for selective service. Additionally, you need to have a high school diploma and must not have a drug conviction. You can fill out the Free Application for Federal Student Aid application online.
The Federal Pell Grant
The Federal Pell Grant is one of the types of financial aid that you can get when you fill out a FAFSA. The Pell Grant is only for undergraduate students who have not yet earned a degree. People who are incarcerated are not eligible for the Pell grant.
The maximum amount for the Federal Pell Grant for the 2016 to 2017 was $5,814. The maximum amount for the Federal Pell Grant for the 2017 to 2018 school year will be $5,920. There are several factors that will determine how much assistance that you get including the cost of attendance, your financial aid and whether you are going to school part-time or full-time will affect how much assistance that you get.
You will be able to get the full amount if you qualify for the Federal Pell Grant. However, the school must have enough funds to provide funds to everyone who is eligible for the Pell Grant. The amount that other students receive does not affect the amount that you get.
In order to maintain your Pell Grant, you will have to fill out a FAFSA every year. You will not be able to get the Pell Grant after you have earned your bachelor's degree or professional degree. Additionally, if you have used the Pell Grant for 12 semesters, then you will no longer be eligible for it.
The good news is that if you fill out the FAFSA online, then you will have an easier time filling it out the second time. You will only have to update certain information because the website will remember certain things that you have put in the application.
Keep in mind that school typically requires that students maintain a certain grade point average in order to get federal student aid. Students should check the eligibility requirements for the college or university that they are attending.