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Getting money for college

Despite how hard it may be to believe, it is possible and quite easy to get free money in government grants with which to go to college. This money does not have to be paid back, and it is enough to completely pay for tuition and books at many colleges, universities and community colleges in the U.S., and it pays the greater part of tuition for many more schools. The money is available to those who do not have a Bachelor's degree yet. All you have to do is apply and have an income that is not greater than the maximum allowed. And the maximum is fairly high for the average American. There are no other requirements.

The maximum that you may receive is about $4000 per year if you are going to attend as a full-time student (12 credit hours or more), and correspondingly less than that if you are going to attend as a part-time student.

You may apply for the loan using the Free Application for Student Aid (of FAFSA) found on this government website.

http://www.fafsa.ed.gov/

I myself have received many pell grants and they were very easy to obtain if you don't mind filling out a 4 or 5 page form every year or two. I will tell you what I know, but it is only my own experience and I can't be sure how accurately the numbers will apply to you.

Every application is evaluated on an individual basis, I imagine, but it has been my sense that if a single person, not supported by parents, earns less than maybe $25,000 or so, they should be able to get the Pell Grant. And if a couple makes under $45,000 or so, they are very likely eligible. I'm not sure they ever let the exact figures out, but those are the very approximate numbers which my sense has picked up.

If I had known long ago that this money was so ridiculously easy to get, basically just by filling out a form, I would have finished college long before I did.

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Also available are Stafford Loans (and maybe PLUS Loans), which from my experience are just as easy to get, and are available in much larger amounts per year, but HAVE TO BE PAID BACK. And they can mount up fast. I would not particularly suggest getting a loan unless your particular circumstance absolutely requires it.

To learn more about Pell Grants go to www.ed.gov/programs/fpg/index.html.

To learn more about Stafford Loans and general information on student aid, go to www.studentaid.ed.gov.

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