Pell Grants are the foundation of federal student financial aid, which can be added with other federal and nonfederal fund sources. Pell Grants are generally awarded to undergraduate students who haven't earned a bachelor's or graduate degree. In some cases, however, you might receive a Pell Grant if you're enrolled in a post-baccalaureate teacher certification program.
Unlike loans, Federal Pell Grants don't have to be repaid unless you are awarded funds incorrectly or you withdrew from school. The amount you receive depends on your financial need, cost of attendance, and enrollment status. The maximum Pell Grant award for the 2008-09 award year (July 1, 2008, to June 30, 2009) is $4,731.
Pell Grants are awarded based on your financial need. The federal government uses your Free Application for Federal Student Aid (FAFSA) to determine your eligibility.
To find out more about Pell Grants and other federal grants, visit Student Aid on the Web - The official student gateway to federal financial aid, including eligibility, application, repayment, and more - plus self-service tools to help you prepare, choose, and apply for college.
|Student Aid Education|
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