You're probably expecting a dollar amount to answer the question in the headline ... but the Pell Grant Lifetime Eligibility is better explained with a different number unit: time.
The fast answer is that you're entitled to receive financial aid in the form of Pell Grants for the equivalent of six years (or 12 semesters). During that time, you're eligible to receive the maximum amount of Pell Grant aid that you qualify for every year.
Okay, so you got financial aid, just...not enough of it to pay for you college tuition.
No need to panic. You always have options. And in some cases, one of those options might be to craft a well-written financial aid appeal letter. We're going to tell you how to write one and show you a sample that you can customize.
Medicine is a fulfilling profession on many levels, including the prospect of earning a comfortable salary. But before doctors can bring home a six-figure paycheck, most medical students rack up six-figure student loan debt. The average medical school student graduates with $190,000 in student loan debt, according to the Association of American Medical Colleges.
If you’ve refinanced your student loans before, you know how useful this strategy can be for lowering your monthly payments and cutting interest.
You may wonder if you can refinance your student loans more than once. The answer is yes—but it may not be worth the effort. Ask these questions to see whether additional refinancing is right for you.
If you’re struggling to make your student loan payments, you may have wondered if forbearance is a good idea.
While it’s true that forbearance can offer you some temporary relief from student loan payments, that relief can come at a significant cost—and can make paying off your student loans even harder.
Let’s talk about what forbearance is, and if it’s the right option for you.
Chances are, if you are a new college graduate, you have some federal and/or private student loans that need to be repaid.
Because managing debt can be a burden and keep you from achieving life goals like moving out on your own or getting married, paying off student loans early might seem like a good idea. But debt and finances are intertwined, so there are several things to consider before you start applying any extra cash toward retiring student loans early.
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