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The Federal Pell Grant is a source of financial aid that's awarded to individuals whom meet all of the eligibility requirements. The purpose of the Pell Grant is to give chosen applicants the chance to achieve a higher level of education by helping allowing them to enroll in a particular program that is intended for teacher... more »
The Federal Pell Grant is awarded to individuals considered to be financially disadvantaged to help them pursue higher education. more »
The Federal Pell Grant Program supplies grants for students who have limited income with funding to pursue an undergraduate post-secondary education. The Pell Grant does not have to be repaid, and eligible applicants are determined by specific criteria. Federal Pell Grants are awarded via participating colleges and institutions to... more »
The Federal Pell Grant Program is a scholarship award designed to give low-income students an opportunity to attend college. It is awarded based on financial need and is distributed by the U.S. Department of Education. Since its inception, millions of students have used this grant to assist them in their quest for a college education. more »
The Federal Pell Grant Program is designed to assist individuals with low incomes achieve their higher education goals. The costs of attending colleges and universities are usually very high. While some states offer low to free tuition for its residents, many people cannot afford the out-of-pocket expense associated with receiving a... more »
With college costs increasing every year, it can be stressful thinking about how you are going...
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The Pell Grant is a federal program that gives financial assistance to lower income students seeking a postsecondary education. These awards are... more »
Pell Grants are grants from the federal government to assist students in paying for college. Pell Grants should not be confused with student... more »
The Pell Grant program provides need-based higher education grants to eligible students. This article provides an overview of the eligibility... more »
College Pell grants are a form of financial aid for higher education from the federal government. These grants are for low income students, and... more »
For students with limited financial resources who are hoping to pursue a college education, the Federal Pell Grant Program offers one solution, at... more »
The Pell Grant program is a type of post-secondary, educational federal grant program sponsored by the U.S. Department of Education. It is named after U.S. Senator Claiborne Pell and originally known as the Basic Educational Opportunity Grant program. Grants, which do not require repayment, are awarded based on a "financial need" formula determined by the U.S. Congress using criteria submitted through the Free Application for Federal Student Aid (FAFSA).
The Pell Grant is covered by legislation titled the Higher Education Act of 1965, Title IV, Part A, Subpart 1; 20 U.S.C. 1070a.
Because Pell Grants are targeted toward students from poor families, receipt of them is often used by researchers as a proxy for low-income student attendance and to indicate the economic diversity of the student body.
Amount of grant
Federal budget legislation passed in early 2006 cut the federal financial aid budget by $12.5 billion. While the maximum Pell Grant legislative limit was raised to $5,800 through 2011, maximum Pell Grant awards were not funded at this level. The maximum award available to students has been frozen at $4,050 since 2003-04.
For 2006-07, the maximum Pell Grant available to students was $4,050. For the award year of 2007-2008 the maximum Pell Grant award was $4,310. The maximum award for the 2008-09 award year (July 1, 2008 to June 30, 2009) is $4,731. For 2009-2010, the maximum is $5,350, with an added option for receiving an additional disbursement ($2,675) in the summer. The maximum can change each award year and depends on program funding. The maximum grant is to increase to $5,400 by 2012.
Due to rapid increases in tuition and fees, Pell Grants do not cover as many credit hours as they used to. Twenty years ago, a grant covered 60% of a students cost of attendance while in 2006 the maximum grant covered about 31% of the cost of attendance.http://www.washingtonpost.com/wp-dyn/content/article/2009/10/07/AR200910070 read more at » http://en.wikipedia.org/wiki/Pell+Grant
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