Scholarships can be given for voluntary service, academic or athletic prowess, or a particular field of interest. Membership in an ethnic or religious group may be a determining factor in the awarding of specific scholarships. You or your child may also receive scholarships from companies.
#Columbia University
Federal Pell Grants
Undergraduate students who still need to obtain a bachelor’s or professional degree are eligible to receive Federal Pell Grants. Pell grants are given out based on financial need, as shown on the Free Application for Federal Student Aid (FAFSA). They are non-repayable federal grants rather than loans. The maximum Pell Grant amount for a given academic year varies every year.
You can only receive the equivalent of six years’ worth of Pell Grant financing in Federal Pell Grants during your lifetime. The six-year equivalent is 600% because the maximum Pell Grant funding you can obtain in a year is 100%.
Students may be able to receive up to 150% of their Scheduled Award in certain circumstances. This is referred to as extra Pell or year-round Pell. Because it enables students to obtain extra Pell payments frequently during summer semesters, it is known as “Year-Round.”
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