Pell Grants for Veterans

army vetsWhile there is no pell grants for veterans program, the Pell Grant Program is open to everyone with a financial need. Pell Grants are managed by the Federal Student Aid division of the U.S. Department of Education. Low-income individuals can receive up to $5500 per year for a total of 12 semesters for college tuition.

It is easy to apply for pell grants for unemployed veterans. The first step is to fill out the Federal Aid for Financial Student Aid (FAFSA) form that can be accessed online. You will be notified of the benefits you qualify for based upon your answers. The information you receive will include other programs in addition to pell grants for unemployed veterans including work study and loans.

Pell grants for veterans can only be applied to tuition at participating schools. Generally the program you are enrolled or accepted in must be for a bachelor’s or vocational degree. Some benefits are given for master’s degree programs but it is very rare for that to happen.

There are a few reasons individuals are rejected for pell grants for unemployed veterans in addition to not showing a financial need. You can find the complete list at the U.S. Department of Education website. The list includes:

  • History of defaulted loans
  • No social security number
  • Incarceration
  • Involuntary civil commitment
  • Illegal residency
  • Males unregistered with Selective Service

The formula used to determine the financial benefits for pell grants for unemployed veterans considers many factors. The two most important factors are household income and number of members in household. Once you are accepted for pell grants for unemployed veterans and other federal financial aid benefits you can keep track of all of those benefits online in one place. You must register at www.nslds.ed.gov in order to set up an account.

Post-9/11 GI Bill

In addition to Pell Grants for unemployed veterans, there are financial aid services stemming from the Post-9/11 GI Bill. Individuals with a minimum of 90 days of aggregate service after September 10, 2001 or individuals discharged with a service-connected disability after 30 days are covered by the bill. Veterans with an honorable discharge are also included.

Both undergraduate and graduate degrees can be funded with money from the program. Up to 36 months of benefits are allowed before an individual’s funds are maxed out. Awards include full tuition and fees for all public school in-state students. Of course everyone is not necessarily going to want to attend a public in-state school. Fortunately there is also a program to pay for private colleges and non-resident programs. This program is called the Yellow Ribbon Program.

Veterans Educational Assistance Program (VEAP)

Another option for individuals in search of pell grants for unemployed veterans is the Veterans Educational Assistance Program (VEAP).  The program is for veterans who participated in VEAP by making contributions from their military pay during their service.

If you are a military member and plan on going to college after leaving the military then you should consider joining the program now. It will give you another option besides pell grants for veterans. The government matches every $2 contributed with an additional $1. It is a great option for those who need it.

Veterans Retraining Assistance Program (VRAP)

The Veterans Retraining Assistance Program (VRAP) is part of the VOW to Hire Heroes Act of 2011. It provides funding for training that lead to a certificate or degree (Associates or Non-College). It also pays for training the veteran for a high demand occupation.

Former military members seeking a higher education are not limited to pell grants for unemployed veterans. While the pell grants for veterans should be the first program to be examined, it is important to look at all of the available options. Veteran’s assistance programs have been put into place by the federal government to ensure that the large number of former military members is able to find permanent employment after they leave the service.

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