Feb. 15, 2011
-- Filling out the FAFSA application form should be the first thing your high school guidance counselor tells you to do once they've learned you've been accepted to a college. The reason being is you may have some free government money available to you in the form of PELL grants.
While there are a number of requirements for the PELL grants they are fairly easy to meet. The amount of money you receive from PELL grants is determined by the amount you & your parents make (assuming you're right out of high school). Also factored in is the amount the college costs for you to attend. Don't think though if you are poor & were accepted to Harvard that the PELL grants are going to pay your entire tuition.
PELL grants are fairly limited, because it is free money. Currently you may receive up to $5,500 per academic year (fall & spring semester) & the amount won't increase for another four or five years, usually only by a few hundred dollars. But it is free money, not a free ride.
For more information on PELL grant requirements please take a look at http://studentloandebtsolution.com/loan-help/federal-pell...
for an in depth description of how you can meet the criteria for free money for college.
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