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Pell Grant: Difference between revisions
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(Created page with "== Overview == The Pell Grant is a form of financial aid provided by the United States federal government to support undergraduate students who demonstrate exceptional financial need. Named after Senator Claiborne Pell, this grant is a cornerstone of federal financial aid programs and is designed to make postsecondary education more accessible to students from low-income families. Unlike loans, Pell Grants do not require repayment, making them a critical resource fo...") |
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The maximum Pell Grant award varies annually and is determined by federal budget allocations. For the 2023-2024 academic year, the maximum award is $7,395. The actual amount a student receives depends on several factors, including their EFC, cost of attendance, enrollment status (full-time or part-time), and whether they attend for a full academic year or less. Funds are typically disbursed directly to the educational institution, which applies the grant to tuition, fees, and other educational expenses. Any remaining funds are provided to the student for additional costs such as books and living expenses. | The maximum Pell Grant award varies annually and is determined by federal budget allocations. For the 2023-2024 academic year, the maximum award is $7,395. The actual amount a student receives depends on several factors, including their EFC, cost of attendance, enrollment status (full-time or part-time), and whether they attend for a full academic year or less. Funds are typically disbursed directly to the educational institution, which applies the grant to tuition, fees, and other educational expenses. Any remaining funds are provided to the student for additional costs such as books and living expenses. | ||
[[Image:Detail-98387.jpg|thumb|center|A vibrant college campus with students walking and studying on a sunny day.|class=only_on_mobile]] | |||
[[Image:Detail-98388.jpg|thumb|center|A vibrant college campus with students walking and studying on a sunny day.|class=only_on_desktop]] | |||
== Impact on Higher Education == | == Impact on Higher Education == | ||