Federal Pell Grants

The Federal Pell Grant is a grant program initiated by the federal government to help college students pay for their education. They are awarded to students studying for their first bachelorís degree. They are not available for graduate students. The other criteria are the Expected Family Contribution, the cost of attendance, whether you're a full-time or part-time student, and whether you attend school for a full academic year or not. These factors can also effect your eligibility and the amount of the grant you receive.

Federal Pell Grants is part of the FAFSA, or the Free Application for Federal Student Aid. So the first step in obtaining the grant is to apply for the FAFSA. Just like the federal grants they are government aid that need not be repaid. They are given according to the financial requirements of the student. But one thing that should be remembered is that these grants given for educational purposes are not very large. You might opt for colleges where you have to pay less, like community colleges.

Two factors that affect the amount of grants is the expected contribution of the parents and the parentís claim about the dependency on their income. The US department of education determines the eligibility of the student for the grant and decides upon the type of grants to be awarded to the students.

The results of the application scrutiny will be declared three or four weeks after submitting the FAFSA. The Federal Pell Grant may be awarded if the student qualifies. There are no specific requirements or cut off in grade point averages (GPA). The grants range from $400 to $4,050 per student per year. The students may get a lesser amount in the first year of their education and will be awarded more in the subsequent years.

Federal Grants provides detailed information on Federal Grants, Federal Pell Grants, Federal Government Grants, Federal Grants For Small Business and more. Federal Grants is affiliated with Government Business Grants.

Source: www.isnare.com