Pell Grant Qualifications
Obama is upgrading the higher education system in this country (we hope), starting with an increase in Pell Grant award amounts. What does that mean for Pell Grant applicants? Who qualifies and for how much? Basically, the results of the FAFSA number-crunching are what determine a student’s eligibility.
Sandra Proulx lays it all out and takes a closer look at Pell Grant qualifications:
…there is no “one size fits all” recipient.
Keep in mind, the Pell Grant is awarded to undergraduates with a high degree of unmet financial need; most Pell money goes to students with a total family income around or below $20,000. But, students whose families have a total income of up to $50,000 may be eligible too. In 2005-2006, students with family incomes of less than $20,000 accounted for 57% of Pell Grant recipients.…Pell Grant qualifications can be affected by a student’s enrollment status as well as income earned through employment, too. Think about it — if you are enrolled half-time, your tuition is less and therefore you will require less aid. Undergraduates who work while they are enrolled are more likely to have incomes that decrease their eligibility for federal need-based aid (ahh, didn’t think of that, did you?). Some low-income students may even find themselves ineligible for Pell Grants because they are enrolled part time at very low cost colleges, or they work while they are enrolled, or do both. More…
Further Reading:
Posted by Alexa Harrington
Thanks for the link, Alexa!