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Question: What to do if I drop out of college while on the pell grant and can I be able to get it back?
I was having some family problem and personal problem and it really stress me out to the point where I just can bare it anymore and it effected me at school so much that I drop out of college. Do you guys think I can get back into college with any financial aids again because of family problem?
Answer: If you drop out of school during a semester in which you ...
If you drop out of school during a semester in which you have received a Pell Grant, you will be required to pay some portion of that money back. You will not be able to qualify for any additional aid until the money has been paid in full.
The Department of Education says this:
"Aid is awarded to a student under the assumption that the student will attend an institution for the entire period for which the assistance is awarded. When a student ceases academic attendance prior to the end of that period, the student may no longer be eligible for the full amount of funds that the student was originally scheduled to receive."
The rule that determines exactly the amount that you must repay is somewhat complicated - there are two main factors involved.
The questions are:
At what point in the semester did you drop out?
and
What portion of the Pell funds did you use to pay tuition?
You must notify your financial aid office that you intend to drop out - they will be able to compute the money that needs to be returned to the Department of Education. Your school will have to return a portion of the money that you paid to them for tuition, and you, personally, will have to return a portion of the money that you did not apply directly to tuition.
Your financial aid office will be your best resource - if there are hardship appeals available to you, they will be the ones who will know how to go about filing such an appeal.
Definitely get this squared away though - your school must certify your attendance to the Department of Education at the end of the semester - if you have dropped out, the Department will be told, and they will come looking for you, to arrange for repayment. This is not a process that you want to go through - especially if you have hope of qualifying for future funds.
Answer: If you drop out on a pell grant you will need to pay back ...
if you drop out on a pell grant you will need to pay back for any class you drop out of.
Example if you drop out of 4 classes at 300$
youll need to pay back 1200
Question: Can someone explain to me How the Pell Grant works?
I started attending the University of Phoenix on May 14, 2007. I got a pell disbursement in June of 2007 and one in October of 2007. I assumed that both of these grants were for the 07-08 school year. My friend who started the same time I did, says the first disbursement we got in June of 07 was actually for the 06-07 school year, and the one we got last fall was the first disbursement of the 07-08 school year and that I should get another disbursement for the 07-08 school year before July 1. My finacial advisor for the school never directly answers the question, so I thought maybe someone could help. I completed 24 credit hours on 4-13-08, so that was first year, right? And I started on second year on 4-14-2008. I got stafford loans already for this second year, so I know how much I am getting there. I am just really confused how all this works. Please help!!
Answer: You gotta slog through the fed gov web site to figure out ...
you gotta slog through the fed gov web site to figure out what disbursement is good for each semester
Answer: Most students only go to school during the spring and fall ...
Most students only go to school during the spring and fall semesters. But you started right at what looks like the beginning of the summer semester (that's when mine started). You can get the pell grant for 8 semesters of undergrad study, no matter which semester you study in. If you started in may '07 and went through until dec '07, then the disbursements you got were for the summer and the fall. The school year. Now according to FAFSA, the school year starts in July, so if you received a disbursement in June '07, then yes it was for the 06-07 school year. The one you got in October was for the fall semester, so that's the 07-08 year. The years start in the summer, because fall is when most people start going to school. You should have already gotten your disbursement for the beginning of '08 spring semester. Mine got disbursed in January, and I received the refund in Feb or March. So it sounds like you're friend was right, and I would check with your school to see where the rest of your PELL grant went, unless it all went to your courses.
Answer: Generally it takes 30 hours to "move up" in ...
Generally it takes 30 hours to "move up" in classifications:
Freshman = under 30 hours
Soph = 30-60 hours
Juniors =60-90 hours
Seniors = 90 and up
This is why it's important to take at least 15 credit hours a semester... which prob doesn't mean a thing taking classes at UoP because it's not really set up that way.
Answer: Hi Dreamweaver, I also go to UOP and I answered one of your ...
Hi Dreamweaver, I also go to UOP and I answered one of your math questions and it is the same math I am doing. If you will email me we might be able to do the math work together.
Question: What is the most you can receive from a pell grant? And How often?
Answer: I'm not sure im still tryn to spend it
i'm not sure im still tryn to spend it
Answer: I only began using the Pell grant a few years ago. I have ...
I only began using the Pell grant a few years ago. I have graduated with a Bachelor in Business Administration May 2007 and due to the job market I am researching this myself. I am looking to change direction and get a Bachelor in Accounting as that is a much larger market in area. I don't know what the 'top-out' amount is for a pell grant. Because the application asks what school(s) you are considering attending they use those schools tuition information when they set their scales (I was told by someone at the financial aid office but have no other verification of this). That is why (again, I was told), that I had a lot of help when I completed two year degree(junior college, cheaper tuition), close to nil on third year (i transferred to a more expensive university after finishing at a junior college), and more help fourth year when information was re-configured. I was TOLD that they go off of the tuition charges at the schools you list you are seeking and then base their offer from that (as well as the information regarding your personal income). I hope to hear more information on this topic as I am considering re-entering the education world again myself. Good luck. And all else, there are student loans, that is how I completed degree, and while the repayment schedule is quite long (ten years on average) the payments are very reasonable, delayed for six months after graduation so you have time to find a job, and offer a hotline (i have not used so I cannot state how helpful/not they are), but they offer a hotline to place occasional delays/stays without incurring additional interest due to items such as layoffs, not able to find work, family crisis, etc. You cant find a bank that will offer you that consideration!
Answer: Pell Grant awards are up to $4,731 per year. You must apply ...
Pell Grant awards are up to $4,731 per year. You must apply via the FAFSA and qualify for the grant each year you're in school.
Question: will I have money left over from pell grant if I didn't use it all. and don't attend summer school?
Answer: IF (and that is IF) you have Pell left over, schools ...
IF (and that is IF) you have Pell left over, schools generally give it to students to use during the summer semester. Fall is a new academic year and completely different than the previous year. You might (or might not) be eligible for pell next year depending on your situation.
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