After accepting a pellgrant, where do you get it? and when?

The federal government gives it directly to the school to pay your tuition fee off. If there is an excess amount left over after the tuition is paid, some schools will refund you the money. The date of the refund depends on the school itself, and I recommend checking with the college's financial aid office for more information on that. To optimize your financial aid package, I recommend applying either in January or early February because it is before the school hands out its need based scholarships.
If you meet all the schools requirements (and they didn't award it to you in error as you feared in your earlier question), the money is sent to the school. The school will deduct all tuition, fees, book charges, dorm and such and issue you a check if there is any money left over. This process will be repeated again in the spring. I read your earlier post, I'm going to answer it. It's just a little more complicated.
After you Accept the Pell Grant, which is based on need (determined when your fill out your FAFSA), the Financial Aid Office receives the money and credits it to your bill. You may wish to contact the Financial Aid / Bursar's Office to see how refunds (if offered) are issued. Each school has a different policy regarding extra Financial Aid.

This article contents is post by this website user, doesn't promise its accuracy.

More Questions & Answers...
  • I there a way to pay for college without the fafsa, without credit and without a cosigner?
  • My dad is renting me an appartment and im 22 and in community college still working on my g.e.?
  • If i have bad credit and am trying to get a student loan to attend a vocational school and have been denied.?
  • Financial Aid or Scholarship Help?
  • I want to consolidate my student loans that are taken over by a creditor and start making payments?
  • Honest private lender in the United States?
  • Am I eligible for section 8?
  • I want to know the history & procidure, interest rate of education loan in india?
  • Copyright 2006-2009 All Rights Reserved.