Quote:
Originally Posted by jillio
I'm sorry jasin, but you are incorrect about that. The total amount of a Pell Grant that can be awarded is 4500.00, issued quarterly or by the semester, depending upon which system your school uses. If you also have other scholarships, and or loans, which is very likely, then the entire amount of your Pell Grant and other aid is applied to your account. Tuition is deducted, and any overage is sent to the student to be used for discretionary expenses.
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The government sets how much is to set aside for financial aid pell grants, yes, but there is no set amount granted across the board for each student. Where you get the $4500 dollar figure from I do not know. My tuition exceeds $4500 each semester and anually and i've never paid for tuition. The amount one receives from what the government has set aside for pell grants is actually based on enrollment status and coa which is different from college to college and student to student.
http://ifap.ed.gov/sfahandbooks/atta...304Vol3Ch2.pdf