Руководство по выбору карьеры

The Federal Pell Grant is the most broadly accessible kind of grant program for undergrad students. Unlike such Federal loan programs as PLUS, Perkins, Stafford and others, Pell Grant awards should not be paid off. Actually, the Federal Pell Grant is made obtainable to students based upon various factors, all of that are connected to the EFC. In other words, the Pell Grant is given to students demonstrating a vital financial need.

The maximal Pell Grant award may change yearly based upon the amount of the Federal funds made accessible for the program. The portion of this maximal amount, which students get is affected by the EFC (Expected Family Contribution ), COA (Cost of Attendance), and status (half-time, full-time, etc.). For the 2008-2009 year, the maximal Federal Pell Grant amount will be $4,731.

Unlike most of Federal loan programs, which provide lifetime caps on borrowing, Pell Grants do not presently have lifetime maximal awards. If a particular student is pursuing his or her first bachelors degree and he/she is otherwise qulified, then they can get Pell Grant funds.

The Federal Pell Grant is awarded to people based upon their EFC (Expected Family Contribution) that is calculated utilizing the income and assets of both a student and his parents. As the EFC rises, the potential Federal Pell Grant amount falls. Above a particular EFC level, no Federal Pell Grant will be given. For the 2008-2009 year, the maximal EFC level, which still get a partial Pell Grant will be 4,041 dollars.