Pell grant is the most sought-after type of financial aid by students who want to further their studies but couldn’t because of financial difficulties. For that reason, the Pell grant is tailored for those who come from lower income families. The two most important factors taken into consideration for students to qualify for this grant is the amount of money their parents can contribute to their educational expenses and their educational cost. The lesser their parents can contribute, the better their chances to qualify for the full amount. So, should you apply for this particular grant? Definitely!
The first reason to apply for the Pell grant is the easy qualification. As mentioned before, this grant is tailored for students from low income families. Therefore, the ability to exhibit a certain financial need is quite enough to enable you to qualify for this grant. The few factors taken into consideration to calculate your Expected Family Contribution are the size of your family, the number of family members attending post-secondary institution, your parents’ and your income. For dependent individuals, their parents’ asset will be factored in whilst their own asset will be factored in if they’re independent. Therefore, as long as you exhibit a certain financial need below the standard level, you will be eligible for the grant.
The second reason is the difficulty to get your hands on an application form, which you can do with almost no difficulty at all. It is reasonably easy to get a Pell grant application form. You can get it from your institution’s financial aid office, public libraries, post-secondary schools and many other government agencies. If that’s not easy enough, simply go to the Federal government’s website and download the application form for free.
Other than that, once you have qualified for the Pell grant, the money is already guaranteed to be paid to you. This means that there will not be any question of the money being paid once your institution and the Federal government are bound by the contract. Therefore, as long as you meet their requirements to qualify, you will surely be paid accordingly. Moreover, you won’t have any difficulties in managing the funds since it follows the individual. This means, if you move from one institution to another, the fund will follow you to your new institution.
With almost flawless characteristics, the Pell grant is the financial aid that you should apply for. Bear in mind that it is a grant and therefore you don’t have to worry about paying them back in the future. Not only is it easy to apply, qualifying for it and managing the funds is also a breeze. You should grab the opportunity and apply for it now.