After your student account balance has satisfied all of the charges billed by the school, the remaining balance must be refunded to you. What is FAFSA Pell Grant? Hi, This year I was awarded Pell Grant $5550 and WorkStudy $3000. Thank you for using Just Answer! Pell grants are one type of financial aid provided directly by the federal government to help pay for your education beyond high school. Federal student aid, including Pell Grants, can be used to cover a variety of costs, generally including: When the pell grant comes through, tuition and fees are paid. The amount depends upon your financial need; the students expected family contribution (EFC), price of school, whether you are a full-time or part-time student, and your plans to attend school for a full year or less. In 2009 the maximum grant was $5,350 for a year, including summer, with an average of $3,611. Getting approved for a Pell grant can take the worry out of paying college expenses. Federal Pell Grants can be used for tuition, fees, and education expenses, such as books and required materials for class. Current law limits Pell grants to programs of at least 16 credit hours or 600 clock hours. I believe you do not get access to this money to buy supplies (like say a laptop). The Federal Pell Grant Program provides need-based grants to low-income undergraduate and certain postbaccalaureate students to promote access to postsecondary education. Pell grants are need-based grants to help cover tuition and fees, and do not have to be repaid. I was told I could use my grants and loans as income that would end up being tax-free, and I would be getting money from the American Opportunity Credit. For 2015 I have: $4700 in Fed Sub loans $3586 in Pell Grant Total: $8286** without the following two grants: $1535 in TPEG grant (unsure if it's like the Pell Grant) What you can use a student grant for depends largely on where the grant was issued from. The … Allowing postsecondary students to use federal Pell grants for short-term certificate programs would be a win-win for colleges, students and employers, according to college advocates. Depending on financial need, students may get approved for a full grant. I used to save my refunds and eat for the semester. You can use the Pell Grant money available to you directly to pay for room and board, rent, if you live in your own place, books, equipment, such as a computer, and even clothing and food. Pell Grant Eligibility strongly suggests speaking to your school more than their coverage on Pell Grant use ahead of buying a laptop simply because misuse constitutes fraud. Federal Pell Grants are awarded based on financial need, and your level of financial need is determined by the information in your FAFSA.

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