Pell Grant

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Definition of 'Pell Grant'

A Pell Grant is a type of federal financial aid that is awarded to undergraduate students who demonstrate financial need. The amount of the Pell Grant that a student receives is based on their family income and other factors. Pell Grants are not loans, so they do not have to be repaid.

To be eligible for a Pell Grant, students must be enrolled in an eligible degree or certificate program at an accredited college or university. They must also be a U.S. citizen or eligible noncitizen. Students must also meet certain academic requirements, such as maintaining a minimum GPA.

The Pell Grant is the largest federal grant program for undergraduate students. In the 2021-2022 academic year, the maximum Pell Grant award was $6,495. The amount of the Pell Grant that a student receives is based on their family income and other factors.

Pell Grants can be used to cover the cost of tuition, fees, books, and other expenses. They can also be used to help students pay for room and board.

Pell Grants are a valuable source of financial aid for many students. They can help students to afford college and achieve their educational goals.

In addition to the Pell Grant, there are a number of other federal financial aid programs available to students. These programs include the Federal Supplemental Educational Opportunity Grant (FSEOG), the Federal Work-Study Program, and the Direct Loan Program.

Students should research all of their financial aid options to find the best way to pay for college.

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