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Pell Grants: Breaching the Financial Walls of Higher Education?
Wiki User
∙ 10y ago
The Pell Grant, originally known as the Basic Educational Opportunity Grant (BEOG), was established in 1973 by Senator Claiborne Pell from Rhode Island. The program was originally conceived during the 1972 reauthorization of 1965’s Higher Education Act as a means to assist low-income individuals in overcoming financial barriers to higher education.
In order to encourage low-income households to pursue postsecondary education, Pell Grants offers additional funds to individuals who already qualify for need-based financial aid. Eligibility for a Pell Grant is determined by factors such as the student’s Expected Family Contribution (EFC), cost of attendance, and enrollment status (full- or part-time). Furthermore, the student must have earned a highschool diploma or GED and not yet have completed a Bachelor Degree. These factors must be reported via the Free Application for Federal Student Aid (FAFSA) form, which will allow the U.S. Department of Education to determine the student’s eligibility for a variety of grants and loans. Because Pell Grants are distributed on basis of financial need it is likely to be offered in conjunction with a work-study program or a subsidized student loan such as the Stafford Loan. The Pell Grant itself does not require repayment.
According to the U.S. Department of Education’s website just over $19 billion was made available via the Pell Grant program in 2009. Approximately seven million awards were distributed with amounts ranging from $486-$5350 and an average award of $3611. It is estimated that funding for Pell Grants in 2010 will increase by over $9 billion, for a total of almost $27 billion in available funds.
Qualification for a Pell Grant is a prerequisite for several other Federal aid programs such as the Academic Competitiveness Grant (ACG), the National Science and Mathematics Access to Retain Talent (S.M.A.R.T.) Grant, and the Teacher Education Assistance for College and Higher Education (T.E.A.C.H.) Grant.
For more information on the Pell Grant and other Federal Financial Aid programs please visit Student Aid on the Web (studentaid.ed.gov) and the U.S. Department of Education (www2.ed.gov).
To apply for a Pell Grant or financial assistance please visit FAFSA (www.fafsa.ed.gov).
For budget information regarding the 2010 Pell Grant Program please review the following document: http://www2.ed.gov/about/overview/budget/budget10/justifications/p-pell.pdf
Wiki User
∙ 10y ago
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When did pell grants start?
Pell Grants were established in 1972 as part of the Higher Education Act. They were created to provide financial assistance to low-income undergraduate students to help them access higher education.
What has the author Merle Hastings written?
Merle Hastings has written: 'Grants for higher education'
Do people actually require financial aid to pay for school?
Yes, there are a great deal of people who require financial aid to assist in paying for their higher education. They can do so by applying for grants and other assistance that do not require them to pay it back or by using student loans that have to be paid back.
What are the best higher education grants?
There are so many grants available for students that it would be hard to list them all. You can look around on www.grants.gov and see what is available for you.
Are there any government grant for single mothers?
There are several types of education grants for single mothers. There is the Teacher Education Assistance for College and Higher Education Grant (TEACH Grant), Academic Competitiveness Grant, Federal Supplemental Educational Opportunity Grant, Mother's Day Scholarship, to name a few. Contact your financial assistance office at the school you wish to enroll in, and one of their counselors can help you determine if you qualify for these grants.
What are the Morrill Land Grant Acts?
An impact on higher education that allowed college and land grants for settlers.
What has the author Mary M Licklider written?
Mary M. Licklider has written: 'Grant seeking in higher education' -- subject(s): Higher Education, Finance, Research grants, Handbooks, manuals, Proposal writing for grants, Faculty, Universities and colleges, Educational fund raising
How can I apply for higher education grants?
The first step in getting college education grants is to research what is available. Go through all the criteria of each grant and apply for any in which you'd have even the slightest chance of getting.
Financing Your Online Education With Grants?
Financing your education can be a tough thing to do. Nowadays, getting an education can be very expensive. Colleges base their tuition costs on rates that may be affordable for members of the upper-middle class, but that most working class citizens find exorbitant. Many people have recognized this, however, and have offered assistance to those of lower classes in an effort to make higher education more easily affordable for everyone.If you need help financing your education, you should seek out financial aid. It is important to note that there are three main types of financial aid: scholarships, grants, and loans. Scholarships are a form of financial aid that does not need to be paid back and is awarded on a basis of merit. Grants also don't need to be paid back, but are awarded on a basis of need. Loans are available to most people and must be paid back in full with additional interest added on.Obviously, scholarships and grants seem like the best form of aid. However, it's important to realize that not everyone who needs aid may qualify for a scholarship. This is where grants come into play.If you are hoping to get a grant to help finance your education, the first thing you need to do is to fill out a FAFSA. FAFSA stands for "Federal Application for Student Aid". It is a form put out by the Department of Education. It will determine your eligibility for need-based grants. The FAFSA will determine your eligibility for the need-based Pell Grant. The Pell Grant is a grant funded by the US government in order to make higher education more accessible to those with financial hardships. In addition to the Pell Grant, you may be eligible for other grants from your state or institution. However, you absolutely must fill out the FAFSA in order to even be considered for these awards.As you can see, getting a grant can greatly improve your success at affording a higher education. Before you assume you cannot afford to get a higher education, make sure to fill out a FAFSA and see if any grants will be available to you.
What is an academic institution?
An academic institution is an educational establishment dedicated to higher education and research, which grants academic degrees.
Is Sikkim Manipal University approved by HEC?
The Higher Education Commission in Pakistan has not recognized Sikkim Manipal University. However, the university it approved by the University Grants Commission of India's Department of Higher Education.
Is the Morrill Land Grant Act a law?
An impact on higher education that allowed college and land grants for settlers.
