| Pell grants are available to help students fund their | | | | income taxes have been filed. Different states and |
| college endeavors. A minimum of four years of college | | | | schools have different deadlines for the date the |
| education is essential to the training of anyone who | | | | application should be filed by. |
| wants to work in the field of psychology. But obtaining | | | | Of the factors that affect the amount of pell grant |
| a college education can be costly and some individuals | | | | money that is awarded to the student, the EFC |
| do not have the finances needed to fund their | | | | affects the decision the most. The government uses a |
| educational goals. | | | | formula to determine the EFC for the student. This |
| A pell grant for psychology students can help to | | | | formula includes the amount of family income from the |
| alleviate the financial burden of higher education. The | | | | previous year, the amount of dependents in the family |
| pell grant program is a federal grant program in which | | | | and the typical expenses of a family. Based on the |
| the money does not need to be repaid and the grant | | | | EFC, the cost of attendance and the enrollment status |
| is available to low-income students who demonstrate | | | | of the student, the government will determine how |
| a substantial financial need. The pell grant is for | | | | much grant money is awarded. Most grants are |
| undergraduate students and certain postgraduate | | | | awarded to low-income families. Fifty-seven percent |
| courses with proper approval. | | | | of the money is awarded to families with incomes of |
| To apply for a pell grant, a student should submit a | | | | $20,000 or less. Ninety percent of the money is |
| Free Application for Financial Student Aid (FAFSA). | | | | awarded to households with an income of $41,000 or |
| This can be done by submitting a paper application | | | | less. |
| available from a college's financial aid office through | | | | Pell grant money that is awarded to a student can be |
| the mail or by submitting an application online through | | | | used to pay for the tuition of psychology classes or |
| the official FAFSA website. This application will be | | | | other classes that are needed to obtain a psychology |
| used at a college's financial office to determine the | | | | degree. Pell grant funds may also be used for other |
| student's eligibility for the pell grant as well as other | | | | costs associated with higher education such as |
| grant and scholarship money. The FAFSA application | | | | required textbooks, housing, notebooks, pens and other |
| must be entirely filled out and will require personal | | | | basic school supplies. Most grants that are awarded to |
| information such as social security number, driver's | | | | undergraduate students range from $400 to $5000 |
| license number and income tax information. | | | | per year. By law the financial institution that distributes |
| | | | the award must make payments to the student or the |
| Once the application has been submitted, the student | | | | student's account at least once per semester. |
| will receive a Student Aid Report (SAR) which will | | | | A pell grant can greatly help a psychology student |
| detail the student's eligibility for financial aid as well as | | | | achieve his or her goals and the opportunity is not to |
| the student's expected family contribution (EFC). The | | | | be ignored. |
| FAFSA should be submitted as soon as possible after | | | | |