Yes. Most students can apply for low interest loans. If you submit the FAFSA in a timely manner (early in the application cycle), the school may consider you for institutional aid and University grants. Grant funds are not endless -- they are limited to monies in these fund accounts. Grants are awarded until fund accounts are drained.

A typical financial aid package for a student eligible for the maximum Pell Grant and a need-based MIT scholarship would be $43,550. It would include $42,100 in scholarship -- consisting of an MIT scholarship of $34,000, a Federal Pell Grant of $4,050, and an MIT Pell Grant Match of $4,050 -- and a term-time job of $1,450. The student would work about five hours a week to earn $1,450.

Your school can apply Pell Grant funds to your school costs, pay you directly (usually by check), or combine these methods. The school must tell you in writing how much your award will be and how and when you'll be paid. Schools must disburse funds at least once per term (semester, trimester, or quarter). Schools that do not use semesters, trimesters, or quarters must disburse funds at least twice per academic year.

the foundation of federal student financial aid, Pell Grants are the largest federal grant program for undergraduate education. Originally named the Basic Educational Opportunity Grant, the program was created in 1972 by Senator Claiborne Pell, then-chairman of the Senate Education Committee. Pell Grants are targeted to the neediest families and are awarded using a tiered approach.

There are two basic categories of financial aid for graduate students: internal and external. The majority of applicants will receive some form of aid. (Funding is scarce, however, for international students. Some assistance may be available through the student's home government or special programs. Contact your international students' office on campus or at the graduate schools to which you will apply.

You must submit a FAFSA. For student employment, student loans, and grants you should complete the FAFSA as soon as possible. Priority Deadline Processing Date is March 31st.

The Student must be an undergraduate who has not received a Bachelor’s degree, and is enrolled in a degree or certificate program. The student also must have for the 2005-2006 year an EFC of less than 3850 to receive ANY Pell Grant. The amount of Pell Grant ranges from a possible 4050 with a 0 EFC to a possible 400 with a 3850 EFC.

Pell Grants are awarded to undergraduate students to help pay for their education after high school. Unlike loans a Pell Grant does not have to be repaid. To be eligible, a student must be an undergraduate who does not already have a bachelor's degree and is going to a college at least halftime.

The majority of student financial assistance programs are designed to assist those students who have difficulty meeting the costs of a postsecondary education. Therefore most financial aid is determined on the basis of "need". A student's financial need is the difference between the total educational cost and the calculated student's Expected Family Contribution (EFC).

A math SAT score of 530 (ACT of 22) is required for students who wish to use college math credit to satisfy a high school math (CPC) requirement. Yes. One three-semester hour college course is equivalent to slightly more than half of a Carnegie unit. (Five college semester hours are equal to one Carnegie Unit.) However, the college course can be used to satisfy one additional academic unit (above the minimum 16 College Preparatory Curriculum units). Yes.

Although you do not have to be full-time to receive the Pell Grant, you will be awarded based on full-time enrollment.

You may be able to receive the Pell Grant in the summer if you do not attend school full-time for the fall and spring.