| Financing your higher education is often
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| | get one
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| overwhelming, especially if you are from
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| | In order to apply for a Federal grant you
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| a low-income family. Some lower-income
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| | have to complete a Free Application for
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| individuals don?t even think about going
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| | Federal Student Aid (FAFSA). You can
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| to college because of their financial
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| | complete a FAFSA online or through your
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| standing. Yet, there?s a solution. It?s
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| | school?s Financial Aid office.
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| called the Pell Grant.
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| | If you wish to do this online, you much
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| What is it?
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| | first obtain a PIN (Personal
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| A Pell Grant is a financial-needs-based
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| | Identification Number.) You can do this
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| Federal grant that you don?t ever have to
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| | at
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| pay back. The Federal government began
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| | As you fill out your FAFSA, you will want
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| awarding it in the 1960?s and it was
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| | to have a few documents nearby. Some of
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| named after U.S. Senator Claiborne Pell.
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| | these documents are your Social Security
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| The reason behind the creation of this
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| | card (you won't need this if you have
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| grant was to help the poor receive a
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| | your SSN memorized), driver's license,
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| college education. Because of this, it
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| | last years W-2 form, previous years
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| is only given to low-income undergraduate
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| | Federal Income Tax Return, your parents'
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| students.
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| | Federal Income Tax return from the
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| These grants can only be used at
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| | previous year, and a couple other things.
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| accredited colleges and universities.
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| | After completing a FAFSA, you?ll be sent
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| Your school will use the grant money to
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| | a Student Aid Report (SAR) which will
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| pay your tuition and fees or they will
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| | tell you whether or not you are eligible
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| pay you directly, or both. Funds are
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| | for a Federal Pell Grant.
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| disbursed no less than twice a year.
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| | This academic year?s FAFSA deadline has
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| Amount You Can Receive:
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| | already passed. The applications are no
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| The amount of money you will receive from
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| | longer available. Regardless of this, do
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| the Pell Grant depends on your family?s
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| | not give up hope! Apply for a Pell grant
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| income, the cost of attendance, and if
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| | for 2008-2009. The deadline is June 30,
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| you?re enrolled full time or part time.
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| | 2008. Don?t miss the deadline!
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| The 2006-2007 maximum Pell grant
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| | NOTE: Use of this article requires links
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| available was $4,050. For 2007-2008 it
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| | to be intact. To learn more about
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| is now $4,310. As you can see, the
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| | grants and scholarships please visit our
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| maximum is subject to change each year
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| | Student Finance Options page. Being a
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| depending on program funding.
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| | college student herself, Elise Fisher
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| Pell grant money is helping low-income
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| | enjoys writing articles to help college
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| families all over the United States send
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| | students learn more and other finance
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| their children to college. How do I
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| | options.
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