The Pel Grant is one of the most popular grants federaly available. It is widely awarded to undergraduate students, students with out a bachelor's or graduate degree. Unlike a loan, grants do not need to be paid back.
How much money you will receive under the Federal Pell Grant program is based on your need, the cost of attendance at your school, whether you are a part-time or full-time. This is all calculated according to a formula passed through congress.
