March 21, 2008, Newsletter Issue #60: Pell Grant Criteria

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Financially needy students enrolled at an accredited school who complete the Free Application for Federal Student Aid (FAFSA) may qualify to receive the Pell Grant. With awards of up to $4,050 per year, a student can cover a good portion of their college expenses with these grant funds that do not require any repayment (except in cases where an error is made in the disbursement). The amount you are awarded (if any) is based on the cost of attendance at your school, your status in school (full-time or part-time), and estimated financial need (after deducting your expected family contribution). Your eligibility for a Pell grant is usually indicated on the student aid report (SAR) that is sent to your educational institution.

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