Home » Headline, Personal Growth

Pell Grants for College

15 May 2013 4 Comments

canstockphoto10751411The application for Pell Grants is easier to do in the 2013 season than ever before. This makes it much easier for students who want as little student loan debt as possible when they graduate. There are also more changes that have been passed by Congress and also with the Health Care Act signed by Obama in 2010. In addition many of the health care laws that were passed in 2010 had affected Pell Grants. The original income guidelines that were put in place for the 2012 season had been cut. This made it very difficult for many students to get Pell Grants. However now for the 2013 season the income guidelines have been changed again making every student qualified for Pell Grants. As of 2013 the income provisions have been changed and now reflect the yearly changes according to the Consumer Price Index.


Prices for Pell Grants have increased however the rewards for individuals have not increased as much. The reason why Pell Grants have increased is that the amount of students applying for Pell Grants has increased dramatically as well as the number of students that qualify. Many packets for financial aid begins with Pell Grant awards. The grant can never be reduced whether it is through the state, federal or military. However, other types of financial assistance can increase depending on the income guidelines.

Now what is in store for the 2014 season? For starters many of the questions that have been on previous Pell Grant applications have been skipped for the 2014 season. Other items such as income requirements, continued hours, summer hours and the amount of income required have been canceled permanently there have also been other changes that will be permanent as well.

What Is A Pell Grant?
There have always been many questions about Pell Grants such as where they came from, what are they good for and a variety of other questions.

There are now more students applying for Pell Grants this year than ever before. Once students qualify for Pell Grants it also qualifies them for other types of financial aid as well. This also helps colleges to determine which of their student’s income guidelines qualifies them for other types of financial aid.

Who Is Eligible?
What are the determining factors to qualify students for Pell Grants? Does your financial situation qualify you for these grants? What documents need to be completed and how is the information verified? These and many other questions are often asked by students when considering Pell Grants. It is advised to research as much as possible about Pell Grants before applying for them. Students should also check out exactly how long the approval process is for Pell Grants so they can plan for college.

Once a student is award a Pell Grants it’s a good idea to find out what other types of financial assistance is available. The best way to do this is by contacting the college they will be attending to see what types of additional financial assistance they have qualified for.

 

Carnival of Financial Planning B – Belated Edition
Finance Carn. for Young Adults at The Happy Homeowner
Yakezie Carnival at Growing Money Smart

4 Comments »

  • butiq batik said:

    They are many students who are smart and need scholarship to continue their education.

  • KC @ genxfinance said:

    If it is good as it sounds, then that would be a good opportunity for students who wants to pursue college but don't want to end up with debt after they graduate.

  • website said:

    Hi there! This article could not be written any better!
    Looking at this post reminds me of my previous roommate!

    He continually kept talking about this. I’ll forward this information to him. Pretty sure he’s going to have a very
    good read. Thank you for sharing!