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Funding Your Education 1997-98Federal Pell Grants |
CreditsSourceU.S. Department of Education's Office of Postsecondary EducationContentsCredits and AcknowledgmentsIntroduction Education after High School Paying Tuition and Other Costs Federal Pell Grants Campus-Based Aid Programs Federal and Direct Stafford Loans PLUS Loans (Loans for Parents) Stafford and PLUS Loan Questions Applying for Financial Aid Eligibility Criteria Deadlines and Verification Contacting the Department Reducing the Cost of School Taking the Next Step ForumsEducation and KidsRelated ArticlesAttention-Deficit / Hyperactivity Disorder (from NICHCY) |
A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded only to undergraduate students who have not earned bachelor's or professional degrees. How much will my grant be?Awards for the 1997-98 award year (July 1, 1997 to June 30, 1998) will depend on program funding. The maximum award for the 1996-97 award year was $2,470. How much you get will depend not only on your financial need, but on your cost of attending school, whether you're a full-time or part-time student, and whether you attend school for a full academic year or less. How are Pell Grants paid?Your school can apply Pell Grant funds to your school costs, pay you directly (usually by check), or combine these methods. The school must tell you in writing how and when you'll be paid and how much your award will be. Schools must disburse funds at least once per term (semester, trimester, or quarter). Schools that do not use formally defined, traditional terms must disburse funds at least twice per academic year.
Paying Tuition and Other Costs |
