New York Pell Grants
What is a New York Pell Grant?
For students looking for financial aid, New York Pell Grants can be an excellent solution. In order to receive assistance through New York Pell Grants, students must go through the Federal Student Aid Program. Funded by the United States Department of Education, the Pell Grant helps thousands of undergraduate students pay for their education.
Benefits of a New York Pell Grant:
Unlike other forms of financial aid such as federal and student loans, the Pell Grant is free money that a student never has to pay back. When it comes to paying back student loans after college, the amount can be somewhat overwhelming. If a student is eligible for the Pell Grant, they should take every measure to receive assistance through the grant.
Who is Eligible to Apply for a New York Pell Grant?
When figuring out whether or not a student is eligible to apply for a Pell Grant, there are several factors to take into consideration.
- The school the student is attending must be a participant in title IV programs.
- Students must be undergraduates. Pell Grant are not available for graduate students.
- A student’s EFC (estimated family contribution) must be under $3,850.
- Students that are in default on their student loans are not eligible to apply for a Pell Grant.
- Students who have been incarcerated are not eligible for a Pell Grant.
How to Apply for New York Pell Grants:
Thankfully, students are not required to fill out a separate application for a New York Pell Grant. The easiest and most efficient way for a student to apply for a Pell Grant is through the FAFSA. When a student fills out a FAFSA, the FAFSA automatically checks their eligibility for a Pell Grant. Applying for a Pell Grant is that simple; all a student has to do is fill out the FAFSA and wait for their results.
When seeking financial aid that doesn’t have to be paid back later, a New York Pell Grant is a fantastic solution. Students interested should check with their schools and proceed to fill out a FAFSA.