What is the difference between pell and tap

The college receives the funds for your Pell Grant and doles out the funds to you either through direct deposit, cash or a written check. Before receiving the funds, the college will notify you in writing about how they have decided to distribute the funds and when they will arrive in your account or mailbox. Legally, the college is required to distribute the funds to the Pell Grant award winner a minimum of twice a year.

The funds you receive are dependent on a number of things:. A TAP Grant is given to those who are currently a legal resident of New York and have lived in the state for 12 months in a row. The grant funds can only be used if the student is enrolled at an approved New York state university. To apply to TAP, an applicant must meet a few requirements, including:.

However, you should still attempt to do your very best to stay in good standing and follow through with your schooling requirements. Consider including more than one college your FAFSA - there's space for 10 colleges - so you can compare financial aid. Verify that all information is correct. The online FAFSA will store information from your previous application, so you will only need to provide updated information to some parts of the renewal form. Many colleges have early deadlines for consideration of scholarships, grants and other forms of financial aid.

At least 1. Pell Grants are awarded to undergraduate students who have not earned a bachelor's or professional degree. A professional degree would include a degree in a field such as pharmacy or dentistry. For many students, Pell Grants provide a foundation of financial aid to which other aid may be added. Department of Education uses a standard formula, established by Congress, to evaluate the information you report when you apply.

The maximum award is determined annually by Congress. The amount of the grant will be prorated based on your enrollment. The U. Department of Education guarantees that each participating school will receive enough money to pay the Federal Pell Grants of its eligible students.

The New York State Tuition Assistance Program TAP is a financial aid grant for students meeting residence, income, academic, or other requirements, as established by state law. A TAP award cannot exceed tuition charges.