Definitions for "Pell Grant"
Awarded through strict rules set by the Department.  If a student is eligible on the basis of these rules, an eligible school can pay the student his or her Federal Pell Grant and will be reimbursed by the Department.
A federally sponsored program to assist students in paying the cost of their education. The grant is a gift and does not have to be repaid. Awards are based on demonstrated financial need.
Federal program for undergraduate students awarded on the basis of financial need as determined by the federal government. Students apply by filing out the FAFSA.