How much pell grant money will i get back?
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I was in community college for fall of 2010 and spring of 2011. I joined the air national guard and was in boot camp/tech school for fall of 2011. I got back in november of 2011 and enrolled for classes spring of 2012. Since i am a veteran, i applied for my own pell grant and was awarded the full amount. Hypothetically speaking, i charged all tuition and fees and books to my account for a grand total of 1500 dollars for spring 2012. The financial aid office said i will get back what i did not use in a check sometime around april. My question is will i get back 4,050( 5550-1500) or 1250(2750-1500) in april. any help/advice will help
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Answer:
well if your going to school full time and quailify for the full pell you will get 5550 but thats for the entire year. So if you are going full time [12 or more credits] you will get 2775 for the spring and another 2775 for the fall. If you are taking less then 12 credits then you won't get the full 2775 for that semester. Your pell adjusts to however amount of credits you are taking per semester. But will not exceed over the 5550 for the year. Even if you are taking more then 12 credits. but if you are going full time and tuition and books equal to 1500 then...2775-1500=1275 but a full time tuition including books is normally more then 1500. So given that I don't think you are going full time. But what you do is multiply .75 [9+ credits] or .50 [6-9 credits] .25 [below 6 credits] times 2775.....depending on the amount of credits you are taking. The number you get will estimate how much aid you will receive. last semester i only took 9 credits so my pell grant was only 2081. my tuition was 1,377.00 [not including books] ....after books I received about a 500 dollar refund.
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