With so many people trying to go back to college and having trouble paying for it, the government has come up with some income guidelines for pell grants so that the government can distinguish about who can qualify for this sought after grant. Here is some information about the income guidelines for pell grants so that you are able to find the information that you need.
• Salary – The first thing that is one of the income guidelines for pell grants is the salary. People who make less than $20K annually gross will qualify automatically. If you go over this amount, you might be able to qualify but you will get less than someone who made that amount. Chances are that the office for financial aid at your chosen school is going to look at other options as well.
• Assets – The second thing that is considered for income guidelines for pell grants are assets. When you have a lot of money in the bank you may find that you are going get less money than you would have without the large sum of money in the bank. If you are living with parents, the income that they get is going to be considered, as will any bonds and stocks you have.
• Medical Conditions – The third thing that is considered for income guidelines for pell grants is whether or not someone is disabled. If you’re on Social Security or on disability, you should let your school know that because if you’re disabled you may be able to get more help. Any medical conditions or special needs that you have should be put on the application for the Pell Grant. These things are thought as a hardship by the agency and that is something that is going to reduce the income of the applicant.
These are some of the income guidelines for pell grants that are considered when you are applying for a Pell Grant. When you are looking for help to go to college and you are thinking about applying for a Pell Grant, these are the things that you should remember to determine whether you will have a pell grant shortfall.. Not everyone is going to qualify for a Pell Grant, but there are plenty of other grants that you can try for to help you to pay for college. All you have to do is take some time and look for them.