More on Pell Grants
Upon its commencement, Pell Grant was initially known as Basic Educational Opportunity Grant. Pell grant is named after a U.S democrat ‘Claiborne Pell’, from Rhodes Island. Pell Grant savors the honor of being regarded as the foundation of financial aid packages for students.
U.S Department of Education sponsors Federal Pell Grant programs and it also scrutinizes the financial need of students in order to disburse Pell Grants to them. Pell Grant is governed by Higher Education Act of 1965 and it becomes a source of financial assistance for around 5.4 million students nationally, to fetch their educational expenses.
Need of Pell Grants
The expenses of education have escalated to great heights and it has become cumbersome for the students to cater their academic charges. Failure to meet the educational expenses is likely to deter the students to pursue their educational goals. Pell grants allow the students to supplement their education by alleviating the financial burdens of education. There are around 5400 participating post-secondary academic institutions where students can utilize Pell grants offered to them.
Eligibility Criteria for Pell Grants Disbursements
In order to scrutinize the eligibility of students for disbursing Pell Grants, students are obliged by federal organizations to demonstrate the need for Pell Grants. Pell Grants are offered to the students who encounter financial distress and are unable to pay their educational dues.
Secondly, Pell Grants are confined to needy students having not earned their first bachelor’s degrees or not enrolled in post-baccalaureate programs.
Applying for Pell Grants
In order to apply for Pell Grants, students are required to fill out FAFSA (Free Application for Federal Student Aid) form and post it to the related authorities. A standardized formula is adopted by U.S Department of Education in order to evaluate the information revealed by students through FAFSA forms. This information is evaluated to accord the eligibility of applicants for Pell Grants.
AskForEducation provides assistance to the students in getting access to Pell Grants. In case of any queries, students are obliged to apply for ‘Quick Info’ requests.