Pell Grant programs are some of the best options if you are in need of grant money. The Pell Grant has been in play since the 70’s, and has helped countless students pay for school.
The basic premise of the Pell Grant program is to assist people with “need based” scholarships. Essentially, there are minimum requirements, such as certain levels of citizenship and criminal record stipulations, and you need to make a certain amount every year.
There are a few deciding factors when the goverment selects someone for a Pell Grant, but these selections are not going to be based on the opinions of a “reviewer” as they would if you were trying to get a scholarship. That is basically the only difference between Pell Grants and scholarships. Pell Grants and scholarship programs both have requirements, both have minimum GPA’s, but Pell Grants will support anyone who meets those requirements, while scholarships will have to select someone based on the opinions of those reviewing the future student’s profile. If you qualify for a Pell Grant, then you will get that money.
If you are to receive a Pell Grant, then you must be either an American Citizen, or a non-citizen with a legal status. This should be rather obvious, as you are about to receive federal funding for your college tuition.
In addition to that, you need to make sure that your nose is rather clean. For instance, if you are institutionalized, imprisoned, or jailed, then that might revoke your ability to get that Pell Grant. Likewise, if you have any DUI or drug charges, there is a huge chance that you will be denied. The offenses vary, but the most serious of which is definitely substance abuse and sale charges. So, if you hope to qualify for Pell Grant funding, then do make sure that you’ve kept your record rather squeaky.
Next, you need to make sure that you have either graduated from high school through some kind of a learning program, whether it is a home school, state funded high school, or a classical private school. It does not matter, all they want to know is that you’ve got your GED equivalent out of the way. They aren’t going to fund your college tuition if you’ve dropped out of high school.
Now, almost all potential college bound students have qualified in these prerequisite requirements. But, here is where it begins to get a bit tricky: the Pell Grant program is one that requires you to make under a certain amount.
The key is to find out your own income potential and also find out how much assistance your parents can afford. In addition to that, they will sneak and peak your credit score. If those three line up in such a way that there is no way to cover the cost of college, then you are bound to get hefty sums of federalized grant money.
It is important to keep in mind your financial status. For instance, if you are considered “emancipated”, then they will not even look at your parent’s income. Emancipated means that you’ve been honorably discharged from the military, married, or you are over the age of 26.
If you do not meet the requirements of being emancipated, then the government will take the income of your parents int account, and this will have great affect on how much you can get through Pell Grants. Whether your parents plan to financially assist you or not, a non-emancipated status is going to mean that your parents are going to be taken into account for how much you can receive in Pell Grant funding.