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Return To Scholarships Article Archive   Search the Article Archives Increasing Cost of Continuing Education: Federal Pell Grant Program By Luke Garfield Peter is a graduating high school student. Although his parents have surpassed the challenge of financing the expenses of their son during his high school years, they are quite worried about future expenditures that he may incur in getting a bachelor's degree from college. The cost of continuing education is gradually increasing every year, and they do not want to get to the point that they will ask Peter to retire in the middle of his college studies because they can not financially compensate it. The situation that Peters parents are facing is not new anymore to most parents across the country. They have already accepted the fact that attending colleges and universities nowadays is not a joke. Tuition and miscellaneous fees are outrageously expensive. If your children opted to study at colleges or universities in other states, you need to finance their boarding needs. Unless you are wealthy enough to pay for your childrens college expenses, how does your child get the education they deserve? Fortunately, there are resources available which can provide you with the money to finance your childrens college expenses. One of which you can avail to ease the increasing cost of continuing education is through college grants. A grant is a type of college financial aid that does not need to be repaid, thus could be of great help in compensating your childrens college needs. There are different entities which are awarding various grants to deserving students who want to pursue their college dreams. Most popular college grants are those awarded by the federal government, one of which is the federal Pell Grant program. It is considered to be the largest government-sponsored grant awarded to college students. The Pell Grant program is a post-secondary grant funded by the United States Federal government through its Department of Education. The funds allocated for this grant are appropriated every year by the U.S. Congress. It is named after former Senator Claiborne Pell who pushed through the program during his term in the U.S. Senate. It is one of the most sought-after forms of financial assistance available for high school graduates and undergraduate student who need monetary aid to continue their college education. Those students who have already obtained their bachelors degree are not eligible to receive such grants. In addition, those who want to apply for Pell Grants are not required to obtain specific academic requirements or minimum grade point averages (GPA) prior to their application. Students who are eligible for the grant just need to attend a college or university accredited by the governments Department of Education. This grant application is part of the FAFSA, or Free Application for Federal Student Aid. It is an annual form that must be filled out by students to determine if they are eligible for the Pell Grant. When you apply for the Pell Grant, the information listed on the FAFSA will be used to compute your Expected Family Contribution (EFC). This will determine your familys financial strength based on your income and assets. This will be used to determine if your children will be eligible for the Pell Grant. If your EFC is below the amount established by law, your children will be eligible for the Pell Grant, assuming that you have met all other eligibility requirements. The awards usually range from $400 to $4,050 per student, although it may vary subject to the availability of funds appropriated by the U.S. Congress. About the Author: Luke Garfield Respected computer scientist and author. Visit http://collegehelp.netfirms.com for more articles like this. Alternative Student Loans

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