<p>Im 34
Just finalized ch7 bankruptcy
I have no job and haven't had one all this calendar year
I have received no welfare or other assistance
I live rent free with my mother
I have just a car as my assets car is worth 2000</p>
<h2>My Mother would not be helping me pay for college</h2>
<p>I used to have a good paying job my own house and a 795 credit score and as a single with no dual income and losing my job, well it all went downhill. I waited for bankruptcy to go through and now its time to get a job and save up and/or apply for pell grant and/or financial aid. The school ill be attending cost roughly 100$ per credit hour. Because of my age I'm an independent but i do live with my mother and she has helped me with free rent. How will my situation effect my pell grant eligibility? Im kind of hoping id be eligible for enough of the grant that it pays off my schooling completely without the need to apply for federal aid.</p>
<p>How will my situation effect my pell grant eligibility? Im kind of hoping id be eligible for enough of the grant that it pays off my schooling completely without the need to apply for federal aid.</p>
<p>??? A Pell Grant is FEDERAL AID. You have to submit FAFSA (app for fed aid) to get fed aid (Pell Grant).</p>
<p>If you’ll be going to school in January, then you’d use 2012 income on FAFSA…not the income from this calendar year. However, since you’ve lost your job, you may get professional judgement and end up with a 0 EFC.</p>
<p>The most a Pell Grant can be is about $5600 per year (split into semesters). so, if you had an EFC of 0, for next semester, if you took 15 credits, you’d get about $2800.</p>
<p>As Mom2 says, you will have to fill out FAFSA which means using your 2012 income tax info which will be cross checked during verification. (this is if you go to school in January) However, as someone uemployed, a displaced worker, you could be given a zero EFC which would mean Pell Grant of $2800 per semester… You may also qualify for state aid if your state has money for colleges. You need to check that. Some do, some don’t. </p>
<p>As an independent student, you could also take out loans up to $9500 your freshman year with $3500 of subsidized so no interest accruing while a full time student. But you have to pay all of this back, you understand, and this doesn’t go away through bankruptcy, follows you pretty much for the rest of your life. </p>
<p>Though college have their own money to dispense as well, few school have much in the way of grants, real money. You can always check. wouldn’t count on it. </p>
<p>Because of how the loans work, you could borrow the full amount of your loans for your second semester or continue the eligiblity through the summer for summer sessions. That can all depend on your school, so you need to sit down and talk to your financial aid director at that specific school.</p>
<p>Op also needs to keep in mind that there are now lifetime limits on Pell. If s/he has attended school in the past, that time will count toward the lifetime limit.</p>
<p>[Calculating</a> Pell Grant Lifetime Eligibility Used | Federal Student Aid](<a href=“http://studentaid.ed.gov/types/grants-scholarships/pell/calculate-eligibility]Calculating”>http://studentaid.ed.gov/types/grants-scholarships/pell/calculate-eligibility)</p>