Pell Grants - More Free Money for School

FacebookTwitterPinterestEmailShare
Student on tablet computer in classroom

Pell Grants are the foundation of federal student financial aid, which can be added with other federal and nonfederal fund sources. Pell Grants are generally awarded to undergraduate students who haven't earned a bachelor's or graduate degree. In some cases, however, you might receive a Pell Grant if you're enrolled in a post-baccalaureate teacher certification program.

Unlike loans, Federal Pell Grants don't have to be repaid unless you are awarded funds incorrectly or you withdrew from school. The amount you receive depends on your financial need, cost of attendance, and enrollment status. The maximum Pell Grant award for the 2020-21 award year (July 1, 2020 to June 30, 2021) is $6,345.

Pell Grants are awarded based on your financial need. The federal government uses your Free Application for Federal Student Aid (FAFSA) to determine your eligibility.

To find out more about Pell Grants and other federal grants, visit Student Aid on the Web - The official student gateway to federal financial aid, including eligibility, application, repayment, and more - plus self-service tools to help you prepare, choose, and apply for college.

Find More Military-Friendly Scholarships 

Find more cash for school or get the lowdown on scholarships and education help available for your family. FastWeb can help. Visit FastWeb.com to have education tips and benefits updates delivered directly to your inbox.

Show Full Article

Related Topics

Student Aid Education