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WebFederal Pell Grant. The Federal Pell Grant is a type of financial aid awarded to students of all ages who demonstrate financial need to pay for educational expenses. The most you can be awarded for the academic year 2024-2024 is $6,895. To be eligible for a Federal Pell Grant, students must: Demonstrate financial need. WebJan 8, 2024 · Federal financial aid, for example, is open to all students with financial need. There are three grant programs that adults returning to school can take advantage of: Federal Pell Grant. Federal … WebYou may be eligible for an annual $2,500 American Opportunity Tax Credit. Another break, the Lifetime Learning Tax Credit, is worth up to $2,000 per year, but you can't take it in the same year you take the American Opportunity credit. Taxpayers under a certain income level can deduct student-loan interest. Bonus: You don't have to itemize. prince george\\u0027s county md police report