Help Send Your Child to College with a Federal Pell Grant |
Help Send Your Child to College with a Federal Pell Grant
You may have heard that government grant scams are on the rise. Yes, this is true in many cases. There are home improvement grants for senior citizens hit by natural disasters, there are grants to improve small agricultural farms, but individual grants are few and far in between. Most grants are designed for state and local governments, non-profit organizations, small businesses, colleges and universities. However, one government grant is 100% legitimate. That is the Federal Pell Grant. What can this grant do for you? It can help lower the cost of sending your child college.
The Federal Pell Grant is designed to make college more affordable and easier to attend for low-income students. Not all college students qualify for this government grant. A specific formula is used, known as the expected family contribution (EFC). This formula uses the student's or parent's income and assets, family size, and household size. There are also restrictions on participating colleges. Luckily, both full-time and part-time students qualify for this grant. Students, however, must be classified as undergraduates or vocational students.
Applying for the Federal Pell Grant is easy. In fact, your soon-to-be college student can do so right online. To get started, have them visit FASA.ed.gov. Once on the website, fill out the Free Application for Student Aid (FAFSA). In three to five days, your child will received a Student Aid Report, otherwise known as SAR. You and your child should carefully review this report to ensure all information entered was accurate. A summary of the above mentioned EFC (expected family contribution) will also be provided. Once again, verify this information. The wrong information can prevent your child from getting the necessary funding.
After the FAFSA form is completed and results are gathered, your child must check with their college or university. They will determine how much aid is received. As for distribution of funds, it occurs different ways. Some schools will simply subtract the awarded amount from the tuition bill. Other schools will give your child a check for the amount. In the event your child receives a check, ensure they know the importance of putting that money towards tuition, living expenses, and school supplies. If they misuse the funds, you will be back to square one wondering how to cover the cost of college.
Even if you or your child suspects you will not qualify for the Federal Pell Grant, still complete the Free Application for Student Aid (FAFSA). This application is not only used to determine federal financial assistance, but state and school too. Application deadlines are important to receive the proper funding. Check with the college in question to ensure their application deadlines match the federal recommendations.
In short, the Federal Pell Grant can help reduce the cost of college for qualifying students. Unfortunately, this money does not cover the entire cost of education. If you are concerned about the remainder, speak with your child and their school guidance counselor. In additional to federal grants, many states also have education grants for qualifying students. If obtaining a loan is a concern, due to poor credit, encourage your child to apply for scholarships. Thousands of scholarships are provided each year to students. Preference is often given to students with good grades, community involvement, and involvement in school related extra curricular activities, but it is free and easy to apply.
PPPPP
Word Count 558
|
5 Easy Ways to Avoid Government Grant Scams Do you want free money? Of course, we all do. For some ... read more
5 Reasons to Use Grants.gov to Find Government Grants Are you an individual looking for free money to assist you ... read more
Applying for Government Grants: What You Need to Know Whether you are an individual, the owner of a small business, ... read more
The Most Common Recipients of Government Grant Money You may have heard that the government gives out free money in ... read more
Debt Relief Grants from the Government: Do They Exist? If you are like millions of other Americans, you may be ... read more
How to Find Legitimate Government Grants in 8 Easy Steps Do you want to apply for a government grant? If ... read more
Finding Government Grants: What You Need to Know Free money is something we all hope for. It is rare to ... read more
Government Grant Scams: 5 Reasons Not to Fall Victim Have you seen an advertisement online or a late night infomercial ... read more
Government Grants for Education If you are a parent, college is likely a concern of yours. Right now, the economy ... read more
Government Grants for Individuals: Frequently Asked Questions If you are one of the millions of Americans in financial distress, you ... read more
Government Grants for Senior Citizens In the United States, many Americans are in financial distress. Individuals of all ages are ... read more
Government Grants: Save Your Money and Avoid Scams When many of us hear the phrase "government grants," free money often ... read more
Government Grants that Benefit Parents Are you a parent? It is expensive to raise a child that is no secret. ... read more
Government Grants to Start a Business: Do They Exist Do you want to start a small business? If so, you ... read more
Grants Available for Small Business Owners Whether you want to start a small business or are already an established business ... read more
Grants.Gov: What This Website Has to Offer If you want to research, find, and apply for government grants, there is ... read more
Help Send Your Child to College with a Federal Pell Grant You may have heard that government grant scams are ... read more
How to Find and Choose a Grant Proposal Writer Government grants are commonly compared to loans. Many claim the only ... read more
How to Find Information on Government Grants Free money is available from the government. This free money comes in the ... read more
How to Get Government Grant Money Government grants are available to a wide range of individuals and organizations. Whether you ... read more
Starting a Small Business: Your Financing Options Many consider starting their own small business to be the all-American dream. After ... read more
How to Talk to Local Non-Profit Organizations About Government Grants Non-profit organizations are one of the most common recipients of ... read more
Tips for Hiring a Grant Writer Are you an individual, small business owner, or non-profit organization member who wants to ... read more
What You Need to Know About Government Grant Scams Whether you are surfing the internet or watching television late at ... read more
Who Qualifies for Government Grants You may have seen the late night infomercials claiming you can get free money from ... read more
|
|
|
Disclaimer:
The Publisher has strived to be as accurate and complete as possible in
the creation of this website, notwithstanding the fact that he does not
warrant or represent at any time that the contents within are accurate
due to the rapidly changing nature of the Internet.
This site
is a common sense guide to Help Send Your Child to College with a Federal Pell Grant. In practical advice websites,
like anything else in life, there are no guarantees of income made.
Readers are cautioned to reply on their own judgment about their
individual circumstances to act accordingly.
This site
is not intended for use as a source of legal, business, accounting or
financial advice. All readers are advised to seek services of competent
professionals in legal, business, accounting, and finance field.
Any
perceived slights of specific people or organizations are unintentional.
|