What is the Difference Between FAFSA and Pell Grant?
As previously mentioned, the FAFSA is an application that students must fill out if they are interested in applying for any federal student aid including scholarships, work-study, grants, and federal student loans. A Pell grant is a type of aid, awarded to students who demonstrate exceptional financial need. Understanding the difference between the two can help you make the most of your college financial aid opportunities.
The FAFSA is the Free Application for Federal Student Aid. It is a form that must be filled out by all students who wish to apply for any type of federal student aid. The FAFSA is used to determine a student’s eligibility for grants, loans, and work-study programs. The FAFSA must be filled out each year, and it must be completed before any other forms of financial aid can be applied for.
The Pell Grant is a type of financial aid that is awarded to students who demonstrate exceptional financial need. The Pell Grant is a grant, which means that it does not need to be repaid. The amount of the Pell Grant is determined by the student’s financial need, and it can range from a few hundred dollars to several thousand dollars.
The main difference between the FAFSA and the Pell Grant is that the FAFSA is an application that must be filled out in order to apply for any type of federal student aid, while the Pell Grant is a type of aid that is awarded to students who demonstrate exceptional financial need.
In order to apply for the Pell Grant, students must first fill out the FAFSA. The FAFSA is used to determine a student’s eligibility for the Pell Grant. If a student is eligible for the Pell Grant, they will receive an award letter that outlines the amount of the grant and the terms of the award.
It is important to note that the FAFSA and the Pell Grant are two separate forms of financial aid. The FAFSA is an application that must be filled out in order to apply for any type of federal student aid, while the Pell Grant is a type of aid that is awarded to students who demonstrate exceptional financial need.
Understanding the difference between the FAFSA and the Pell Grant can help you make the most of your college financial aid opportunities. It is important to fill out the FAFSA each year in order to be eligible for any type of federal student aid, and to make sure that you are aware of any Pell Grant opportunities that may be available to you.
Jun 17, 2022 is the deadline for students to submit their FAFSA applications in order to be eligible for the upcoming school year. It is important to make sure that you submit your FAFSA on time in order to be eligible for any type of federal student aid.
In conclusion, the FAFSA and the Pell Grant are two separate forms of financial aid. The FAFSA is an application that must be filled out in order to apply for any type of federal student aid, while the Pell Grant is a type of aid that is awarded to students who demonstrate exceptional financial need. Understanding the difference between the two can help you make the most of your college financial aid opportunities.