Nitro Knowledge. Your Guide to Paying for College.
If you’re applying for college for the first time, you probably have tons of questions. And that’s even before you start thinking about financial aid …
But you have to figure out financial aid eventually, right? If you’ve reached that point on your college to-do list, we’re here for you.
If you’re looking for money for college, the federal Pell Grant is probably already on your radar screen.
The Pell Grant is one of the major sources of funding for many college students. However, it’s important to make sure you apply before the deadline so you don’t miss out on your share of free money for college.
Let’s talk about what you need to know to apply for a Pell Grant for the 2017-2018 school year.
Free money? Yes, please. Who wouldn't want some of that? If you qualify, a Federal Pell Grant could add as much as $5,920 to your college coffers. And most people don't have to pay that back.
Last year, 33% of all students received Pell Grants. That's over 7.5 million people.
A crucial thing to know about Pell Grants is that they aren’t all-or-nothing. You might receive the full amount. Great! But even if you don’t qualify for all of it, you can still see a partial Pell Grant coming your way.
If you are looking for help paying for an undergraduate (and in some cases, a graduate) education, you may be eligible for the federal government’s Pell Grant Program. The Pell Grant provides need-based funding for use at approximately 5,400 participating colleges and universities. Grant amounts depend upon your Expected Family Contribution (EFC), the cost of tuition, your enrollment status and whether you attend school for a full academic year or less. Best of all, the federal Pell Grant does not have to be repaid.
Federal Pell Grants are one of the most sought after forms of financial aid awarded by the federal government. They can be worth thousands in free money for college and there isn’t a set number of people that can receive them. As long as you meet the financial need requirements, this money is as good as yours.
Here’s what you need to know about this coveted form of financial aid: