|Written by Natalie Mullins|
A Pell Grant is one of the most used forms of aids used by students. This kind of grant is one that students usually qualify for by filling out the FAFSA form that is required by just about every school in the US. The Pell Grant is a grant that never needs to repaid and is given to thousands of students each year to help them pay for college expenses. It has to be used for certain things and there are certain things that one must do in order to qualify for the grant.
The first thing that you are going to have to do to qualify for the grant, is to gather all financial information. This may be your parent's information if you are still living at home or it may be yours if you are on your own. You will need the financial information because this grant is based on the families income for the prior year. The amount of Pell Grant you qualify for will be based on your families EFC (expected family contribution) and other financial information.
In order to qualify for the grant, you will need to fill out the FAFSA form. FAFSA simple stand for Free Application For Federal Student Aid. You will need to apply for a pin number that will be used to access your application and information. You can do each step of this on the Internet from the comfort of your own home.
Make sure you answer all the questions asked on the FAFSA form as they are all important. Gathering all the financial information and other kinds of personal documents will help you speed through the process. To determine if you are eligible for the Pell Grant you will need to answer questions such as if you are enrolled in a college and have not already received a bachelor's degree.
Make sure you observe all the deadlines for applying for the grant. This kind of grant is first come, first served and the earlier you apply the better. Filling out the FAFSA form can take an hour or longer to do, just make sure you fill out everything and submit the information. Once you are done you will be receiving a SAR (Student Aid Report). It will give you information on the kinds of grants and loans you qualify for. It should list the amounts and other steps you may need to take. It can take a couple of days to get the hard copy of the SAR in the mail.
Make sure you follow all the directions that your financial aid officers tells you. They will be your key to getting the student loans and grants. If you need to submit more information, they will be the ones it must be given to and they will help you get the funds that you need to pay for your education.