Pell Grant
Thursday, October 18th, 2007As I mentioned in my earlier post, grants are unlike loans. They do not have to be paid back… that’s right, this is ‘free’ money to help you pay for school. Pell Grants are issued by the federal government based on need. You must fill out the FASFA forms available at www.fafsa.ed.gov as discussed in some of my earlier posts. Once you receive your Student Aid Report (SAR), review it in detail and take action right away to claim your eligible grant money. Pell Grant limits have just been increased, so hurry up and get your forms in. Make sure you apply early, these funds are first come first serve. This is the best way to begin your financial aid foundation. If you’d like to learn more about how to obtain Federal Financial Aid, stay tuned as I’ll continue to discuss other forms of aid that are out there!
