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FINANCIAL AID F.A.F.S.A. (PELL). Federal Pell Grant A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only.

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Presentation on theme: "FINANCIAL AID F.A.F.S.A. (PELL). Federal Pell Grant A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only."— Presentation transcript:

1 FINANCIAL AID F.A.F.S.A. (PELL)

2 Federal Pell Grant A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor's or a professional degree. (In some cases, however, a student enrolled in a post-baccalaureate teacher certification program might receive a Pell Grant.) Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added. How much can I get? The maximum Pell Grant award for the 2007-08 award year (July 1, 2007 to June 30, 2008) is $4,310. The maximum award for the 2008-09 award year (July 1, 2008 to June 30, 2009) is $4,731. The maximum can change each award year and depends on program funding. The amount you get, though, will depend not only on your financial need, but also on your costs to attend school, your status as a full-time or part-time student, and your plans to attend school for a full academic year or less. If I am eligible, how will I get the Pell Grant money? Your school can apply Pell Grant funds to your school costs, pay you directly (usually by check), or combine these methods. The school must tell you in writing how much your award will be and how and when you'll be paid. Schools must disburse funds at least once per term (semester, trimester, or quarter). Schools that do not use semesters, trimesters, or quarters must disburse funds at least twice per academic year.

3 Applying for a PIN Get organized! To simplify the application process, gather required documents and other information ahead of time. Determine Your Dependency StatusDetermine Your Dependency Status FAFSA on the Web WorksheetFAFSA on the Web Worksheet Search for School Codes Students & Parents Apply For a PINStudents & Parents Apply For a PIN Check Application Deadline DatesCheck Application Deadline Dates

4 More PIN information Filling Out a FAFSA Overview Fill Out Your FAFSA Open Your Saved FAFSA or Correction Application Sign Electronically With Your PIN Do You Have a PIN Yet? Apply For A PIN Forgot Your PIN? Forgot Your Password? Filling Out a FAFSA FAQs

5 Documents needed before applying for FAFSA Fill Out a FAFSA Complete the following questions and select Next. FAFSA on the Web Your Social Security Number: Enter the SSN that is printed on your Social Security Card. Enter this number without the dashes. For example, 123456789. Re-enter your Social Security Number: Re-enter your SSN to verify that it is correct. Your full last name: Your first name: Your Date of Birth: Enter this date in "mmddyyyy" format. For example, 08171975 for August 17, 1975. Create a New Password (4 to 8 characters; differentiate between capital and lower case letters): If you do not finish the application, the password allows you to come back to the saved application and continue where you left off. Re-enter the Password:

6 Filling out a F.A.F.S.A. Fill out the application! The FAFSA has seven steps that ask about you, your financial information, your school plans, and more. Fill Out Your FAFSA Open Your Saved FAFSA or Correction ApplicationOpen Your Saved FAFSA or Correction Application Sign Electronically With Your PIN

7 F.A.F.S.A. Follow up View your results online! You can check the status of your application, make corrections to a processed FAFSA, and get other information. Check Status of a Submitted FAFSA or Print Signature PageCheck Status of a Submitted FAFSA or Print Signature Page Make Corrections to a Processed FAFSA Add or Delete a School Code View and Print Your Student Aid Report

8 More FAFSA follow up Overview Fill Out Your FAFSA Open Your Saved FAFSA or Correction Application Sign Electronically With Your PIN Do You Have a PIN Yet? Apply For A PIN Forgot Your PIN? Forgot Your Password? Filling Out a FAFSA FAQs FAFSA Follow-Up Overview Check Status of a Submitted FAFSA Print Student Aid Report (SAR) Add or Delete a School Code Make Corrections to a Processed FAFSA Student Access Apply For A PIN Forgot Your PIN? FAFSA Follow-Up FAQs

9 Other free grant aids Higher Education Reconciliation Act of 2005 Academic Competitiveness Grant Federal Supplemental Educational Opportunity Grant (FSEOG) Teach Grant Program The National Science & Mathematics Access to Retain Talent Grant (National SMART Grant) Institutional Grants

10 FSEOG Grant Federal Supplemental Educational Opportunity Grant (FSEOG) The Federal Supplemental Educational Opportunity Grant (FSEOG) program is for undergraduates with exceptional financial need. Pell Grant recipients with the lowest expected family contributions (EFCs) will be considered first for a FSEOG. Just like Pell Grants, the FSEOG does not have to be repaid. How much can I get? You can receive between $100 and $4,000 a year, depending on when you apply, your financial need, the funding at the school you're attending, and the policies of the financial aid office at your school. If I am eligible, how will I get the FSEOG money? If you're eligible, your school will credit your account, pay you directly (usually by check), or combine these methods. Your school must pay you at least once per term (semester, trimester, or quarter). Schools that do not use semesters, trimesters, or quarters must disburse funds at least twice per academic year.


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