Your Pell Grant can save you big money
Your Pell Grant can save you big money
Your Pell Grant can save you big money
Getting in college is pretty tough for most students and parents and this is because it will cost them a lot of money to help get through it successfully, but you should know that if you get to meet certain conditions, you will be able to get a Federal Pell Grant. Things have changed dramatically in 2010 in regards to this type of grant and you can use your eligibility to get twice the money you got until now.
Thus, one of the most important changes in regards to this grant is that it will be offered, for the first time in history, twice in the same year. The students, who will join the program, will get to have two grants offered to them by their school in the same year, which is amazing. But what are those steps that need to be taken in order to benefit from FAFSA? If you were an eminent and conscious student and decided to delve into the summer courses, then you will certainly be eligible for a second award.
But this is just the first step you will need to take and there are more to follow after that. Another thing you will need to keep in mind is to check that your 1st Pell grant award year finished, before you will begin to assess just how much those summer courses will be able to help you in regards to the second grant. Twenty four credits between the spring & fall semesters of the prior year are also mandatory, so you will need to make sure you have them.
The life experience credits, IB or AP credits will not be possible to include in order to have your Pell Grant given to you and on top of that, you will also need to be enrolled for credit hours that will go into your 2nd academic year in the year of the award.
If you are thinking to delve into most of the summer courses, then you will certainly be making a good move and you will become eligible for the Pell Grant, but it will in the end be based on the prior year's award or the next year's. One thing more to know, is that the awards will be offered to you in the year that you huge paid the most money, regardless of the administrative problems that might arise in the faculty.
If there will be more Pell Grants that will be offered, your summer courses will be worth more per credit hour when compared to the ones in the autumn or in the spring time. If found to be eligible for a second Pell Grant while you are at the same time benefiting from your first, your school will need to pay for it regardless.
http://www.articlesbase.com/personal-finance-articles/your-pell-grant-can-save-you-big-money-3676116.html
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