Grant Source

(the real truth about) education and business grants--fresh resources for 2012

Understanding Federal Pell Grant Eligibility Criteria (You May Be Surprised That You DO Qualify!)

Federal Pell Grant Eligibility Criteria

Many would-be students are wondering how they can afford to attend college these days. And the fact is that without student loans and grants, it would be almost impossible for the average person. Not everyone has a hundred thousand dollars saved up in advance to pay for a high quality education.

However, don’t let that stop you from pursuing your goal to earn a college degree.  Let’s look more closely at grant eligibility that may entitle you to receive financial aid– namely the Pell Grant program.

Federal Pell Grant Eligibility CriteriaIf you are thinking of going to college, or you are the parent of a college student, you might want to see if you qualify for any federal government grants.

One of the grants used the most often is the Pell Grant. However, to get student aid of this kind you must meet the Federal Pell Grant eligibility criteria.

The Pell Grant program helps assist students who are undergraduates, and who are from low income families. Please, don’t dismiss this thought without some follow through, so don’t count out this grant before filing the application.

Why? Because the fact is that even if you don’t qualify for the full amount, it doesn’t mean you won’t qualify for part of it. What you think is low income and what the government classifies as ‘low income’  may be two different things.

 Facts About Pell Grant Financial Aid


  • A Pell Grant is not a loan and does not have to be paid back
  • The maximum award for 2012 is $5,550
  • The amount you receive depends on your financial need and school cost
  • An application must be filled out to see if you qualify
  • Must have at least a GED or pass the ATB test (ability to benefit)*
  • (Or, have at least six credit hours completed)*
  • (Or, already be enrolled as a student working toward a degree)*

To fill out the Federal Pell Grant application you can find the Pell application here. Once you do this you are on your way to finding out if you qualify for Pell Grant financial aid. Student loans are important, and help many students to receive an education, but grants relieve the pressure of having to repay the money.

Some changes, to help people meet grant eligibility, happened in 2011. First, more of the previous years questions were skipped on the form, and applicants were allowed to make a higher income.

Secondly, a new regulation was established so that schools would have to disburse the Pell Grant funds by the seventh day of the school session. There is more information, in greater detail, about the Pell Grant on the government website.


Who Determines The Financial Need?


The financial need is determined by the U.S. Department of Education. Congress has given them a standard formula by which to evaluate the financial information that you supply on the application form.


This formula consists of the student’s income, the parent’s income, and assets. They also take into consideration the size of the family, and if any other children are attending post-secondary institutions. Once you have filled out your application you will soon receive a Student Aid Report, which will notify you if you are eligible.


Unusual Circumstances For Grant Application


There are some cases and instances where your financial aid can be revoked, however if you follow procedures you can usually get them back. For example, if you lost your aid because you were convicted of drug use, you can getContinue Reading

Corporate Scholarships For Women: A List of 5 Opportunities That You Probably Have Not Heard Of…

US Corporations are excellent places to find corporate scholarship money. The key is finding obscure scholarship programs that few people are aware of, so that your chances of getting the scholarship are greatly improved. Here is a short list of 5 scholarship opportunities, including a massage school that offers scholarships to returning Iraq and AfghanistanContinue Reading

College Scholarships for Women

College scholarships for women are specially earmarked to be awarded to women who wish to start or continue a college education. If you are a woman who feels trapped in a minimum-wage job that’s not meeting the needs of your family, but you don’t have the finances to attend college for the chance to makeContinue Reading

Small Business Grants and Loans for Women

Funding is often a problem for any business start-up, but small business grants and loans for women are available, and in greater abundance than some realize. The key is to have patience and perseverance through the application and approval process, and to know the facts about getting grant and loan money. The TRUTH about SmallContinue Reading

Top Three Sources for Women’s Business Grants Money

Are there legitimate women’s business grants available? Women business owners in need of funding and capital to start or expand a business venture have a confusing amount of sources to consider. FACT: Federal government grants for specific individuals and specific business ventures DO NOT EXIST, contrary to many false things that are repeated on tv,Continue Reading

College Grants for Women Over 50

Are you a woman age 50 or older who believes that her chance to get a college degree has passed her by and there are no college grants for women over 50? Would you go to college if you knew you could receive financial aid to help you pay for it? This article sets outContinue Reading