Definitions for "Pell Grants"
Grants from the federal government that help low- and moderate-income individuals pay for a college education.
One of the largest sources of grants, Pell Grants are distributed by the Federal Government and are designed to help students with financial need pay for college.
Awards made by the federal government that do not need to be paid back. The FAFSA form serves as your Pell Grant application and eligibility depends on a formula set by Congress. The awards are normally made to high need candidates.