2012 - 2013 Pell Grant Application
In order to be eligible for the Pell Grant for the 2012-2013 school year, students must complete and submit the FAFSA application. Even if you complete the FAFSA in previous years, students still must complete and submit the 2012-2013 FAFSA application. The FAFSA application takes into account a familyís financial information and family size to determine how much they should be able to contribute towards their educational tuition, fees, and expenses.
The FAFSA application can be completed either online or through paper. Students that complete the FAFSA online for the first time will receive a FAFSA PIN. This PIN is considered a studentís online identification and must be used every time the FAFSA is submitted or changed. Studentís that have lost or forgotten their password will have to request for a new PIN, which can only be mailed to applicants. Students that request a FAFSA PIN retrieval must wait to submit any federal student aid documents.
Starting in the 2012-2013 school year, the number of semesters that students can receive Pell Grants has been reduced from 18 to 12. While the total amount per year a student may receive has stayed the same, the yearly minimum income necessary to receive the full Pell grant has been dropped from $30,000 to just $23,000. Considered low income is still the main reason to receive the Pell Grant.
Also, starting in 2012-2013 school year students must have at least an accredited high school diploma or GED in order to become eligible for a Pell Grant. This will impact many foreign students that may have completed their secondary education in another country where U.S. accreditation is not recognized. Low income international students will now become ineligible to receive the Pell Grant due to this new rule.
If you have not completed at least 12 post-secondary semesters, hold an accredited high school diploma or GED, and have successfully completed and submitted the FAFSA application online or through regular mail then you may be eligible to receive a Pell Grant. Students that are considered low income will also have a much greater change in receive the Pell Grant.