Federal Pell Grants - Up to $5550 a year!

A Federal Pell Grant, unlike a loan, does not have to be repaid. Federal Pell Grants usually are awarded only to undergraduate students who have not earned a bachelor's or a professional degree. (In some cases, however, a student enrolled in a postbaccalaureate teacher certification program might receive a Federal Pell Grant.) You are not eligible to receive a Federal Pell Grant if you are incarcerated in a federal or state penal institution or are subject to an involuntary civil commitment upon completion of a period of incarceration for a forcible or nonforcible sexual offense. 

Click here: http://studentaid.ed.gov/types/grants-scholarships/pell

How much money can I get?

Amounts can change yearly. The maximum Federal Pell Grant award is $5,550 for the 2012–13 award year (July 1, 2012 to June 30, 2013). The amount you get, though, will depend on

• your financial need,
• your cost of attendance,
• your status as a full-time or part-time student, and
• your plans to attend school for a full academic year or less. 

You may not receive Federal Pell Grant funds from more than one school at a time.

If you’re eligible for a Federal Pell Grant, you’ll receive the full amount you qualify for—each school participating in the program receives enough funds each year from the U.S. Department of Education to pay the Federal Pell Grant amounts for all its eligible students. The amount of any other student aid for which you might qualify does not affect the amount of your Federal Pell Grant. 

Click here: http://studentaid.ed.gov/types/grants-scholarships/pell/calculate-eligibility