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qualify_for_a_pell_grant [2019/02/01 17:10]
admin
qualify_for_a_pell_grant [2019/08/12 16:15] (current)
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===== What's Happening Now? ===== ===== What's Happening Now? =====
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 +**Big News August 2019**
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 +Several bills have been introduced in Congress that would affect those seeking Pell Grants. One (H.R. 3497) would create a new program for Job Training Federal Pell Grants. If passed this bill will make it possible to use Pell Grants for job training programs that are short-term and provided at a higher education institution. Another (H.R. 3334)  would make graduate students eligible for receiving Pell Grant. And finally the new bill H.R. 3101 would make some pretty major changes to Pell Grants. The maximum award would go up to over $10,000, with future year maximums tied to an inflation index. The semester limit would go from 12 to 15. Several other changes would affect allocation formulas and eligibility requirements.
**Don't Qualify?** There are still lots of other options for finding money for college -- and there's even some "free money"! Check out our latest article about [[grants_for_college|Grants for College]]. **Don't Qualify?** There are still lots of other options for finding money for college -- and there's even some "free money"! Check out our latest article about [[grants_for_college|Grants for College]].
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To calculate what your equivalent receipt of awards is, you need to determine what portion of any given academic year you were actually enrolled. So, if you were scheduled to receive the maximum award of $5775 in a given year, but you were only actually enrolled for half a year, your amount of the award used would be calculated at one-half times 100% equals 50%. If you enrolled for just one-quarter of the year you would have used 25%. Your total use to date will be calculated and capped at 600% -- or the equivalent of 6 years of full-year enrollment. If you are just now planning for college, this should still appear to be a very generous award program. If you have been receiving Pell money for some time, you may find yourself unexpectedly capped and ineligible for future awards. To calculate what your equivalent receipt of awards is, you need to determine what portion of any given academic year you were actually enrolled. So, if you were scheduled to receive the maximum award of $5775 in a given year, but you were only actually enrolled for half a year, your amount of the award used would be calculated at one-half times 100% equals 50%. If you enrolled for just one-quarter of the year you would have used 25%. Your total use to date will be calculated and capped at 600% -- or the equivalent of 6 years of full-year enrollment. If you are just now planning for college, this should still appear to be a very generous award program. If you have been receiving Pell money for some time, you may find yourself unexpectedly capped and ineligible for future awards.
-{{ :discover_article_pell_copy.png|}}Now that you know whether you are eligible - even with the changes in the program, act fast to complete and submit your [[free_application_for_federal_student_aid_fafsa|FAFSA]] (and remember, it's free to do that!). Ongoing negotiations in Washington regarding the U.S. budget and the amount of debt our nation can reasonably sustain could impact the amount of money available to fund Pell Grants in 2014 and beyond. +{{ :discover_article_pell_copy.png|}}Now that you know whether you are eligible - even with the changes in the program, act fast to complete and submit your [[free_application_for_federal_student_aid_fafsa|FAFSA]] (and remember, it's free to do that!). Ongoing negotiations in Washington regarding the U.S. budget and the amount of debt our nation can reasonably sustain could impact the amount of money available to fund Pell Grants in 2014 and beyond.
Recent Updates

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Qualify for a Pell Grant - Are you eligible for a Pell Grant? Pell Grants are need-based awards of government money for education. They are different from government student loans because they are essentially free money: you never have to repay them! A...

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qualify_for_a_pell_grant.1549041023.txt.gz · Last modified: 2019/02/01 17:10 by admin