Can Moms Go Back To School, Obama Says Yes!
President Obama recently made it a priority to increase the value of the prized Pell Grant to an impressive $5,350 for the 2009-2010 year. However he is considering raising it again to $5,550 for the 2010-2011 academic year. This is an increase of $200 over the previous year and there is no doubt this money will come in handy for many people.
It is believed that this increase will make the grant available to an additional 260,000 students as more people in each state will receive a grant and the average award in each state will be increased.
Pell Grant Facts
The Pell Grant is a post-secondary educational Federal grant that is given out by the U.S. Department of Education.
No repayment of the grant money is required, so the people who receive the assistance are getting money for free. This money can then be used on educational expenses.
Who is Eligible?
The eligibility for the Pell Grant is based on financial need. Once you fill out the FAFSA (Free Application for Federal Student Aid) form, you can find out whether you meet the criteria for the Obama grant.Generally low-income students are more likely to receive the grant money but anyone can apply.
How Much Will I Get?
Factors that effect how much grant money you will receive include:
- Expected Family Contribution (EFC)- School attendance costs- Whether you are a full time or part time student- If you are attending school or a full year or less
The Pell Grant is an amazing opportunity for people who require money for college. Forget student loans: rely on scholarships and grants to provide that much needed cash for your education.
If you don't qualify for the Pell Grant you can still get money for college...
You can get a $10,000 scholarship just by registering right now, Get Your application form here
It is believed that this increase will make the grant available to an additional 260,000 students as more people in each state will receive a grant and the average award in each state will be increased.
Pell Grant Facts
The Pell Grant is a post-secondary educational Federal grant that is given out by the U.S. Department of Education.
No repayment of the grant money is required, so the people who receive the assistance are getting money for free. This money can then be used on educational expenses.
Who is Eligible?
The eligibility for the Pell Grant is based on financial need. Once you fill out the FAFSA (Free Application for Federal Student Aid) form, you can find out whether you meet the criteria for the Obama grant.Generally low-income students are more likely to receive the grant money but anyone can apply.
How Much Will I Get?
Factors that effect how much grant money you will receive include:
- Expected Family Contribution (EFC)- School attendance costs- Whether you are a full time or part time student- If you are attending school or a full year or less
The Pell Grant is an amazing opportunity for people who require money for college. Forget student loans: rely on scholarships and grants to provide that much needed cash for your education.
If you don't qualify for the Pell Grant you can still get money for college...
You can get a $10,000 scholarship just by registering right now, Get Your application form here