Pell Grant + Gates Scholarship?

Paying for College
1

<p>Does the Pell Grant look at income alone (Adjusted GI)?</p>

<p>What exactly is the Gates Scholarship (how does it work out if you get it?)</p>

2

<p>Pell Grant will come from FAFSA and is for low income…you may also get an SEOG good luck.</p>

3

<p>(Does the Pell Grant include assets)?</p>

<p>whats an SEOG? and what exactly is the Gates Scholarship</p>

4

<p>You become pell grant eligible as a result of your FAFSA EFC.</p>

<p>Federal Supplemental Educational Opportunity Grant (FSEOG) is for undergraduates with exceptional financial need—that is, students with the lowest EFCs. Priority is given to students who receive Federal Pell Grants. An FSEOG doesn’t have to be paid back. </p>

<p>Each school participating in the Federal Pell Grant Program will receive enough money to pay the Federal Pell Grant amounts its eligible students qualify for. Every eligible student might not receive an FSEOG, however; students at each school will be awarded these funds based on availability at that school.</p>

<p><a href=“http://studentaid.ed.gov/students/publications/student_guide/2004_2005/english/types-campus-fseog.htm[/url]”>http://studentaid.ed.gov/students/publications/student_guide/2004_2005/english/types-campus-fseog.htm&lt;/a&gt;&lt;/p&gt;

<p>Gates scholarship</p>

<p><a href=“http://www.gmsp.org/(lczvwoavccsynfivqcg2kd45)/default.aspx[/url]”>http://www.gmsp.org/(lczvwoavccsynfivqcg2kd45)/default.aspx&lt;/a&gt;&lt;/p&gt;

5

<p>Hmm =-/ my father owns a home but his income is fairly low (bellow 40K)… I was almost sure I qualified for the pell grant… (didnt know it also included assets) but now I’m not sure</p>

6

<p>Anyone?..</p>

7

<p>Pell eligibility is based solely on the FAFSA, which does not ask for home ownership. It asks for savings, etc. and income.</p>

8

<p>theonekid have you looked at any of the websites with tutorials about federal grants? Are you familiar w/ FAFSA???</p>

<p><a href=“http://www.ed.gov/prog_info/SFA/StudentGuide/2002-3/pell.html[/url]”>www.ed.gov/prog_info/SFA/StudentGuide/2002-3/pell.html</a> </p>

<p><a href=“http://www.ed.gov/offices/OSFAP/Students/[/url]”>www.ed.gov/offices/OSFAP/Students/</a></p>

9

<p>No I’m not, I’m sorry for my ignorance… for some reason I thought FAFSA did include home ownership… or that it fell under “assets”.</p>

10

<p>Lack of familiarity is not a crime…you can learn. Make sure you fill out all FAFSA requirements…you can slowly make yourself more familiar. You could also meet with any financial aid officer at a local college for some help. Good Luck and I hope you get all the funding that you need.</p>

11

<p>For a small business… who determiens the “Business equity”… is there a gov number I need to look at …?</p>

12

<p>Equity. An ownership interest in a business. Does that help you? The business has some value.</p>

13

<p>Yes, but I was wondering who determined that “value”.</p>

14

<p>Sometimes this would be calculated by an owner, tax consultant, financial advisor, specialist in business…who is not as significant as how. Many people would not even necessarily I suppose keep track or now. Does the business pay taxes? That may be one place to start if you are in a quandry.</p>