Many students in most colleges are usually faced with financial challenges and difficulties that prevent them from completing their education successfully. As a result of an increasing number of college dropouts, former U.S. Senator Claiborne Pell saw it wise to found or initiate a program that would enable needy and poor students to finish their college education by giving them financial aids and grants. As a consequence, the Pell Grant was created for college students in the U.S. Pell Grant refers to a financial aid provided to students in colleges by the federal government in the United States of America. The grant is usually given to needy students in order to cater for their tuition fees. Pell Grant is usually given to college students who have not earned their first bachelor's degree. The grant is administered and managed by the United States Department of Education.
Despite being very helpful and beneficial to many students in colleges, it has been observed and realized that many college students do not use the monies received from the grant effectively. Therefore, there is an urgent need for colleges to oversee how their students use the money and to help the students use them effectively in order to enable them to graduate and minimize wasting the grant. This forms the basis for the argument of this essay. Thus, the thesis of this essay is to determine how the college can become more responsible and ensure that students use the Pell Grant efficiently and effectively without wasting it in order to enable the students to finish their studies and graduate. The college can achieve this by closely monitoring and supervising how students use or spend the Pell Grant, guiding, advising and training students on effective financial management and ensuring that students clear their tuition fees first immediately they receive their Pell Grant remittances.
Firstly, closely monitoring and supervising how students use or spend their Pell Grants would enable the college ensure that students do not waste their monies on irrelevant and extraneous things or spend their money received from the Pell Grant on worthless things such as entertainment, luxuries and holiday tours or other things that are not related to their college education. Monitoring and supervising how students spend their Pell Grant would also enable the college to ensure that the grant is not misused by the students or spend on items that it is not intended for. For my part, close monitoring and supervision of the expenditures of the students in relation to the Pell Grant would also enable the college to identify students who might have mismanaged or misused their grants. The college may punish such students by ensuring that they do not receive further funding from the United States Department of Education. Monitoring and supervising the usage of the Pell Grant by students in the college would help in ensuring that monies from the grant are used aptly and appropriately.
Secondly, guiding and providing advice to students on effective financial management would help students in the college to spend their monies wisely. This would help in improving their financial positions or statuses, hence reduce their need to apply for the Pell Grant. The college should also train the students on proper financial management techniques and how to reduce and manage personal expenditures. In my view, the college should guide and provide financial management advice to all students in order to enable them to become better spenders. This would help the students during both their stay in college as well as in their future lives after finishing college.
Thirdly, the college should ensure that all students clear their tuition fees first immediately they receive their Pell Grant remittances or at the beginning of every semester. This would help in ensuring that no student remains with balances of college or tuition fees. As a consequence, the students would study smoothly and without financial challenges, hence graduate upon completion of the studies. Moreover, making sure that all students pay their college fees first before starting to spend on other items such as boarding or accommodation fees and setting aside money for personal upkeep would help in ensuring that the Pell Grant is not wasted or spent on other things which it is not meant for, hence reducing chances of wasting the grant by the students.
In my view, the college has an important role to play in order to ensure that students effectively use their Pell Grants. The intervention of the college in the usage of the Pell Grant by students is very significant and would make easy the education of poor and needy students in the college. In addition to the ways discussed above, the college may also pursue other ways or means of ensuring that students complete their studies and effectively use the Pell Grant.