A Federal Pell Grant, unlike a loan, does not have to be repaid, except under certain circumstances. Find out why you might have to repay all or part of a federal grant.
You may not receive Federal Pell Grant funds from more than one school at a time. You should start by submitting a Free Application for Federal Student Aid (FAFSA®) form. Schools use the information on the FAFSA® form to determine your eligibility for a Pell Grant, and if so, how much you’re eligible to receive. You will have to fill out the FAFSA form every year you’re in school in order to stay eligible for federal student aid, including Pell Grant awards. Amounts can change yearly. The maximum Federal Pell Grant award is $6,895 for the 2022–23 award year (July 1, 2022, to June 30, 2023).
Federal Work-Study provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study.
An internship is an opportunity offered by an employer for individuals to gain real-world work experience. These programs are typically targeted towards students, who will work with a company for a period of time, ranging from a few weeks to several months with the goal of gaining practical on-the-job or research experience.
It is important to note that each internship is unique. Some interns work part-time, while others work full-time. The duration of an internship can vary greatly, from a week to a year. There are internships available for high school, undergraduate, and graduate students, as well as virtual internships. Additionally, internships may be paid or unpaid, and some may even provide course credit.
Direct Unsubsidized Loans are loans made to eligible undergraduate, graduate, and professional students, but eligibility is not based on financial need.
Direct PLUS Loans are loans made to graduate or professional students and parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid. Eligibility is not based on financial need, but a credit check is required. Borrowers who have an adverse credit history must meet additional requirements to qualify.
Private loans that are offered through lenders such as banks, credit unions or state agencies. These are chosen by you the student.
Iraq and Afghanistan Service Grants: If you meet the requirements above but are not eligible for a Pell Grant based on your EFC, you will be eligible to receive the Iraq and Afghanistan Service Grant. The maximum amount of the Iraq and Afghanistan Service Grant is the same as the maximum Pell Grant award. Your EFC will not be affected, and therefore neither will your eligibility for any need-based federal student aid.
The following major national organizations offer scholarships primarily to active duty military, veterans, and/or their families:
There are many smaller veterans service organizations around the country that might offer scholarships. Check with your local organization or try a scholarship search.
Scholarships for Military Families—Provides resources and contact information for finding college scholarships for military families.
All information is found on:
Student Aid. n.d. 12 01 2023. <https://studentaid.gov/>.