<p>After submitting my FAFSA I received an email stating my estimated Pell Grant is $5,650. I understand that this is an estimate and could change but that is about the extent of my knowledge on the subject. Please excuse my ignorance.^^ So how would this money be paid out if I did receive the $5,650? Would I receive it in full at one payment or would it maybe come in at around $705 a semester over my 4 years in college?</p>
<p>The Pell is for the upcoming school year. It will be applied to your bursar’s account equally for each term (so half each semester if you are on semesters). You will not receive any of this money directly…but if you have an overage after all of your billable costs are paid, you can ask your college the procedure for refunding it to you.</p>
<p>If your financial situation remains the same, you would be eligible for an identical Pell grant each of your four years in college.</p>
<p>So is this only for incoming freshmen or would I be able to apply for another one my second year?</p>
<p>See my post just above yours. :)</p>
<p>oh wow it must have refreshed and I didn’t notice. That question was for thumper. Thanks for the help!</p>