FreeScholarshipGuide.com | Home of the Semi-Annual 10K Scholarship

A Federal Pell Grant is a Federal assistance grant that is a form of need-based financial aid, and unlike a loan, does not have to be repaid unless, for example, you are awarded funds incorrectly or you withdraw from school. Generally, Pell Grants are awarded only to undergraduate students who have not earned a bachelor's or a professional degree. In some cases, you may receive a Pell Grant for attending a post-baccalaureate teacher certification program. 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 award amounts can change yearly. The Pell Grant amount for the 2007-2008 award year (July 1, 2007 to June 30, 2008) is $4,310. 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.

Who is eligible for a Pell Grant?
To receive a Pell Grant, you must demonstrate financial need by submitting a Free Application for Federal Student Aid (FAFSA); Be a U.S. citizen, U.S national, or eligible non-citizen; Have a valid Social Security Number; Have a high school diploma or General Education Development (GED) certificate OR demonstrate “ability to benefit” by passing an approved test; Meet satisfactory academic progress. You must also be enrolled in an eligible post-secondary school; Be working toward a first undergraduate degree or teaching credential; Certify that the funds will be used only for educational purposes; and be registered with the Selective Service if you are a male between the ages of 18 and 25.

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 will 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.

How long can I continue to receive a Pell Grant?
There is no limit on the number of Pell Grants you can receive as long as you continue to meet the eligibility requirements each year. However, you can only receive one award per academic year.

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

www.FreeScholarshipGuide.com offers the largest scholarship directory online and offers an opportunity to win free money for college to help supplement financial aid, grants, reduce student loans or to add to an existing scholarship.