Financial Information
What happens to the extra money from a pell grant?
Hypothetically, if someone’s EFC is 0 and they only need about $3,000 a year to go to college and they get the full pell grant that is somewhere around $5,500, what happens to the extra money? Do you still get it?
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#2 written by stef 1 year ago
cha-ching! the extra money goes in your pocket.
either mailed as a check endorsed to you or put in a college credit acct towards your future college expenses.it was explained to me that they figure with rent, food, or other miscelanous expenses that grant can help with that. im savng the extra money tho…i had a dream that a textbook rang up for $1000! Plus, if you don’t succeed in passin classes for a lack of credits, you might owe portion of that grant back..
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yes you still get it. I just got a pell grant for the whole school year that is just ending now. you get to keep it to put toward books, transportation, bills or anything else you have to pay for so you can go to school. you don’t have to show what you spend it on.