How will this scholarship help you essay?

This scholarship will help me achieve my educational and career goals. This scholarship will help by lowering the costs of college and the amount of hours I’ll need to work throughout my studies. This way, I’ll be able to continue with my academic achievements. It will also give me time to find an internship.

Do grants count as scholarships?

Certain scholarships, bursaries, and artists’ project grants are not taxable, such as: elementary and secondary school scholarships and bursaries.

Is a Pell Grant considered a scholarship?

The IRS treats a Pell grant as a scholarship, which means it’s possible that you’ll have to report the grant money on your tax return and maybe even pay income tax on the money.

Can you buy a car with Pell Grant money?

Since aid packages cover the full cost of attendance (including living expenses, books, etc.) you may have money left over after your tuition and fees are paid. If you do, that money will be refunded to you. You can then use it for whatever you’d like, including buying a car.

Can you pocket Pell Grant money?

Pell Grant Expenses Your Pell grant can’t exceed your cost of attendance at school. However, if you pay some of those costs out of pocket, you can use any excess Pell grant money to offset those expenses. For example, say you receive a $5,000 Pell grant and your tuition is only $4,000.