Pell Grants
Pell Grants are awarded to student with low or moderate incomes who have not earned a bachelor's degree or professional degree. Your need is determined by the information you provide on your FAFSA form ( Free Application for Federal Student Aid).
A Federal Pell Grant, unlike a loan, does not have to be repaid and the maximum amount you can receive each year is set by the Government. The maximum amount you can currently receive is $4,050 dollars this year and it rises ever so slightly from year to year. The 1999-2000 maximum reward was $3,125. The president is trying to raise the maximum to $4,550.
You do not have to be a full-time student to receive a Pell Grant, but your reward will be reduced based on your part-time schedule.
The amount of money you may receive is based on your need, whether you are a part-time or full-time student, the cost of tuition at your current school, and how long you attended the school.
For more information on the college recruiting and application process see The Making of a Student-Athlete
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