Sometimes professional students ask Can they get Pell Grants on the eligibility criteria based on Annual Income? If my husband and I have children at home and our annual income is less than $25,000, are we eligible to get Pell Grant? Are Pell Grants are awarded keeping in view the annual income and school expenses?
Here is the answer to your question about the Eligibility for getting Pell Grant on the basis of short annual income. If you have an EFC of 0 that your income is less than 31,000 dollars, you should also file an IRS Form 1040A or 1040EZ, which meas that there is no need to pay taxes on your income. This facts will make you eligible for the amount of maximum Pell Grant as per rules and regulations implemented by the Federal Financial Aid Program. You will get the highest awarded money i.e. $5,550t through Pell Grants.
Eligibility for Females to get student loan or pell grant
There is no need of a good school history, wherever you are enrolled and whatever your cost of attendance is, you will get a Pell Grant, which will be awarded by the Student Financial Aid Program.
You should also use an online Pell Grant Calculator to calculate the money of your Pell Grant Award. Whether you are a full time or part time students, you can get a Pell Grant by submitting an application to your school administration and Pell Grant Deparment sat by the Federal Government. There is only one thing you need to get Pell Grant is EFC of “0″, which will be submitted along with your application showing that your annual household income is less than limit set by the government.
Pell Grants are awarded keeping in view different aspects of your financial life. So your household income is also measured before awarding the Pell Grant to any student. So if anyone is looking to have a Student Loan or Pell Grant through the student financial aid program, you mus fulfill the above mentioned eligibility criteria to get a Pell Grant or student loan.