Some Little Known Truths About Pell Grant

January 15, 2012

The Pell Grant is the top searched grant for college financial aid. Each year, thousands of students receive the Pell Grant as part of their financial aid package. Along with other grants, scholarships and work study programs, the Pell Grant awards give low-income students a chance to finish school. However, there are plenty of restrictions that prohibit people from attaining a Pell Grant that you may not know. Here are some of the major little known facts about this financial aid award.

If you already have a bachelor's degree, then you can't qualify for Pell Grant.

Pell Grants are only awarded to undergraduate students who have not earned a professional degree or bachelor's degree. If you have a bachelor's degree but are enrolled specifically in a post-baccalaureate certification or licensing program, you may still be eligible to receive aid. However, if you are enrolled in a certification program be aware that the school you are attending must also not offer a bachelor's degree for education.

Jail time may effect your eligibility.

If you were convicted of possession of illegal drugs for the first time, you won't be eligible for federal aid until at least one year since your conviction. You will also not be eligible for two years if you were convicted for selling for the first time. If you have more than one offense for selling or more than two offenses for possession, you can only regain eligibility after you complete an approved rehab program. Those who are currently in jail, your eligibility depends on the type of institution that has you incarcerated. If you're not incarcerated, it depends on the nature of your offense. Drug offenses are the most liable to affect your eligibility.

There was an increase in Pell Grant funds for 2010, but not for 2012.

There was a proposal to increase the Pell Grant funds for 2010, but the money has seemingly ""run out."" What this means for newer applicants is that you should apply as soon as possible so that you can receive your financial aid package earlier when there is still money left. There may not be another increase for the Pell Grant for some time, and some in Congress have even suggested eliminating financial aid programs such as the Pell Grant. Please speak up to your congressperson about this offensive suggestion. Financial aid helps so many college students go to school each year.

Who was the Pell Grant named after?

Claiborne Pell was a Senator and Democrat from Rhode Island who is best known as the sponsor for the Pell Grant. The financial aid program was created in 1973, and was originally known as the Basic Educational Opportunity Grants program. Pell Grants provided money for prisoners because Pell understood that education while incarcerated resulted in a 65% drop in repeat offense rates, and that resulted in a safer public.

You actually don't fill out an application specifically for the Pell Grant.

Yes, you do need to fill out a FAFSA in order to be eligible for a Pell Grant, but the FAFSA is not specifically for the Pell Grant. You fill out the FAFSA in order to show that you qualify for multiple aid sources, including the Pell Grant, but also other grants, such as the Federal Supplemental Educational Opportunity Grant.

blog comments powered by Disqus

EducationGrants for school

Whether you’re on your way to school for the first time or thinking about finishing up a degree you should explore your options when it comes to obtaining Grants for School.

Use our FREE Custom Search Tool & see what you qualify for:

Latest Posts

Education Grants for Private School

Dec 14, 2012

Students showing remarkable talents can also get a grant for a private school, including one for younger students in middle school or high school.

Education Grants for Online Schools

Dec 13, 2012

Nowadays, more and more students are turning to online education, both for convenience and the ability to get through your coursework quickly.