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A Pell Grant is a subsidy the U.S. federal government provides for students who need it to pay for college. Federal Pell Grants are limited to students with exceptional financial need, who have not earned their first bachelor's degree, or who are enrolled in certain post-baccalaureate programs, through participating institutions.
Grants are a type of financial aid that does not have to be repaid. Generally, grants are for undergraduate students and the grant amount is based on need, cost of attendance, and enrollment status. Federal Pell Grants are designed for low- and middle-income undergraduate students. Pell Grants for the 2023–2024 school year range from $750 to ...
Federal Pell Grant: A Pell Grant, unlike a loan, does not have to be repaid. Most graduate and professional students are not eligible for Pell Grants, but those enrolled in a post-baccalaureate teacher certification program are eligible. [2] Graduate students may also be eligible for these financial aid programs:
Many grants require a specific GPA or, in the case of the Federal Pell Grant, are only for undergraduates. ... And the most an individual can be awarded from a Pell Grant is $6,895. Scholarship ...
President Joe Biden said people who received Pell Grants may have up to $20,000 of their federal student loans forgiven.
The Education Department said Tuesday that federal student loans and Pell Grants won't stop flowing to students amid a broader federal funding pause.