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StudentFinAidInfo - Student Financial Aid Information
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StudentFinAidInfo - Pell Grant Transfer, Pell Grant & EFC Question: Will Scholarships reduce my pell grant?
Right now I get $7,700 in need based grants per year. And I take out $7,500 in loans.
If I get a scholarships for lets say $4,000. Will need-based grants be reduced by $4,000?
Would I be better off not applying for scholarships?
a scholarship*Answer: No way. I have been a student worker at a college for 3 ...
No way. I have been a student worker at a college for 3 years. My advice is to apply for scholarships. Your grants should not be reduced because of scholarships. What should happen is the loans will be decreased which is the best thing. Talk with an advisor to make sure, but grants should never be decreased because of scholarships. Instead of 7,500 in loans, it would probably be reduced by how much you get in grants. But this also depends on your need and schools cost of attendance.Answer: I faced the same thing you are experiencing right now. Your ...
I faced the same thing you are experiencing right now. Your scholarships could potentially bring down your pell grants. However, reporting them could possibly bring down the amount in student loans you would have to take out, too.
The scholarships I got did not affect pell grants, but they did affect the amount of loans I could get . . . and that meant I had to borrow less. You might check with your financial aid office to see how they will handle your case.
I would defintiely advise you to apply for any sholarship you can. Go for it! You won't lose by doing that........Good luck! :-)Answer: Your PELL grant CANNOT be reduced, however other need bases ...
Your PELL grant CANNOT be reduced, however other need bases grants can be reduced if the scholarship covers more then your unmet need. Your need is calculated by
your estimated cost of attendance - your EFC=need
You do NOT have $7500 in PELL grant, you must have a combination of PELL and other need based grants.
Most of the time you estimated cost of attendance is more then your direct cost because extras for books, supplies, personal expenses, transportation expenses, ect are calculated into your cost of attendance.
Keep applying for scholarships. If you receive a scholarship, as long as you don't exceed your need, it will just be added on, and even if it does, you can always talk with your financial aid office to see about the possibility of adjusting your cost of attendance for things like a computer (if you bought one) or other expenses you may have that would not be standard for every student. Your financial aid office will work out for you to keep enough grant and scholarship money to cover all of your need.
Good luck with the scholarship applications.Answer: I've been out of college for 30 years so I don't ...
I've been out of college for 30 years so I don't know Pell Grants. I do know that lots of applications ask about awards I've won. Those scholarships are awards (need-based grants aren't) so it's good for you long-term to have those scholarships.Answer: Scholarships would never reduce your pell. Never. You are ...
scholarships would never reduce your pell. Never. You are allowed to receive financial aid up to the cost of attendance of your school (which is a heck of a lot more than just tuition and books... it includes transportation, living expenses, the cost of a computer...and more).
If you get SO MUCH money (and very rarely does this happen) the worst thing that could happen is your loan amount will get reduced.Question: What can I use the Pell Grant for?
I was wondering what I can use the money for. I recieved a grant but I don't need it for tuition. I have Hope scholarship which in Georgia pays your tuition. Can I use it to pay for appartment since I didn't make on campus housing or does it have to go towards books and things like that?Answer: Usually they will mail it to the school. You then get back ...
Usually they will mail it to the school. You then get back whatever money is left after tuition, books, fees, etc. are paid.Answer: If its a grant, you could probly spend it on anything.
if its a grant, you could probly spend it on anything.Answer: The PELL grant is going to be sent to your school. They ...
The PELL grant is going to be sent to your school. They will refund to you any aid that was not used to cover your direct cost to the school.
PELL grants can be used for any education related expenses. If you live off campus, then your rent, utilities ect are educational expenses.
Talk to your financial aid office to see how much your budget is. You cannot receive aid in excess of your budget.Question: could someone please make sense of this?? efc and pell grant?
Okay I just filled out a fafsa and it said efc is 3111. That seems kinda high considering I only made 14,000 dollars last year. And Im a independant student. Im 28. Is that a high EFC for yearly income? Should I review application? and how do I know if im going to be eligible for a grant with that EFC?
thanks....Answer: Your EFC is not the amount you will have to pay your school. ...
Your EFC is not the amount you will have to pay your school. It is just a code the school uses to determine what kinds and how much fin aid you will get.
With an EFC of this amount, you will likely be eligible for a partial Pell grant. (I'm guessing around 1000 a semester or so). I don't think it sounds high. 3111 is low actually.Question: Question about pell grant?
In florida, what is the maximum you can make for them to consider granting the pell grant? I make only $10K a year, i'm just worried they wont accept it and i'll be stuck getting a loan :(Answer: The formula that calculates your EFC on the FAFSA does not ...
The formula that calculates your EFC on the FAFSA does not look at income alone, so there is no real cut-off you can look at and say "I made enough to qualify". If you are single, independent making about 10k with no other investments you probably still don't qualify, and if you do, for only a small amount. You really have to make squat to qualify, or have more in your household, and possibly more in the house in college. That helps.
File your FAFSA. It will tell you if you qualify for a Pell or not. You can check with the financial aid office as to how much once you know.Answer: Fortunately, the internet has opened up a host of ...
Fortunately, the internet has opened up a host of opportunities to obtain such loans. There are websites that specialize in just that. Furthermore, there are traditional lenders that offer an online application pathway provides you with provisional acceptance depending upon your ability to prove your statements to the lenderpayments and whether or not you will need to put up real estate as security.Once you have taken the time to ask yourself some searching questions and also get some reliable answers from lenders, you will be in a much better position to choose a loan.Question: Pell Grants?
my husband wants to go to college but we need grants to help pay for tuition. does anyone know what all a pell grant will pay for? does it pay for anything besides tuition, like housing?Answer: Once your pell grant is apporved, and you get the $$, you ...
once your pell grant is apporved, and you get the $$, you can use it for anything. You need to start by applying for a fafsa and getting your pin and then you will recieve a EFC #. Usually the lower the EFC the better chances of a higher Pell grant. It all depends on what you make and your dependants.
Start here
http://www.fafsa.ed.gov/Answer: You have to file a FAFSA at www.fafsa.ed.gov. Once your ...
You have to file a FAFSA at www.fafsa.ed.gov. Once your school receives your information they will let you know if you are eligible for a PELL grant and they will tell you how much. The amount of PELL grant ranges from $400 - $4731 for the year. Whatever the total $$$ amount awarded, the student may only receive half each semester. If a student receives a the max on PELL of 4731, the school will first keep all that is owed for tuition and fees, whatever if any that is left over will be given to the student to use for housing, books, ect. |