Can anyone get a Pell Grant? Answer: No, it's based on financial need. The Pell Grant is an educational grant that the federal government offers to students who demonstrate exceptional financial need. Whether or not you have exceptional financial need is determined by the income and asset information you supply on the federal government's financial aid application, known as the FAFSA. The main benefit of obtaining such a grant is that it does not have to be repaid. For the academic year 2003/2004, the Pell Grant can range from $400 to $4,050, depending on your financial need. Pell Grants are available only for undergraduates; graduate students are ineligible. However, even if you know you are ineligible, you should apply for a Pell Grant. Many institutions will not consider you for other awards until they know your Pell status.
No, it's based on financial need. The Pell Grant is an educational grant that the federal government offers to students who demonstrate exceptional financial need. Whether or not you have exceptional financial need is determined by the income and asset information you supply on the federal government's financial aid application, known as the FAFSA.
The main benefit of obtaining such a grant is that it does not have to be repaid. For the academic year 2003/2004, the Pell Grant can range from $400 to $4,050, depending on your financial need. Pell Grants are available only for undergraduates; graduate students are ineligible.
However, even if you know you are ineligible, you should apply for a Pell Grant. Many institutions will not consider you for other awards until they know your Pell status.
The 360 Degrees of Financial Literacy Web site offers general information for managing personal finances and does not recommend specific financial actions. For financial advice tailored to your situation, please contact an expert such as a CPA or a personal financial advisor.
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