Category: Grants

Federal Pell Grant

Pell Grants are awarded based upon financial need, as calculated by the federal aid program. The Pell grant application is part of the FAFSA. By completing the FAFSA you will be applying for grants, loans and other programs all with one easy application.

The Pell Grant is the most common type of grant for college students awarded. Pell grants are awarded to students studying for their first bachelors and are not available for graduate students.

Pell grants are awarded based upon financial need. The Expected Family Contribution, your cost of attendance, whether you’re a full-time or part-time student, and whether you attend school for a full academic year or less will affect your eligibility and the amount of the grant you receive. Only one Pell grant is awarded per year per student.

The pell grants for the 2005-2006 school year (July 1, 2005, to June 30, 2006) will range from $400 to $4,050 per student.

Other Types Of Grants :
» Supplemental Education Grant
» State-Based Grants 

Supplemental Education Grants

Students with exceptional financial need may qualify for additional grants. The Federal Supplemental Educational Opportunity Grant Program (FSEOG) is an additional grant opportunity.

The FSEOG program is federally funded, but funds are awarded by individual colleges and universities. This means that the college is responsible for awarding the grants to students that show unusual financial need.

Unlike Pell Grants, the amount of FSEOG funds you receive depends not only on your financial need but also on the amount of other aid you get and the availability of funds at your school.

FSEOGs are administered by the financial aid office at each school participating in the program. A FAFSA form is still required to be considered, and it is best to complete the application as soon as possible. Once you have received the results from the FAFSA application, you will need to contact your school’s financial aid office to specifically apply for the FSEOG.

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