These are federal grants intended to help the most financially needy students. The maximum set by Congress for 2003-2003 is $4,000.
Given by the Federal Government, these grants are awarded to those students demonstrating exceptional financial need. Pell grants do not need to be paid back.
These government grants are awarded to students who need a great deal of financial aid. They do not need to be repaid.
A Federal Pell Grant, unlike a loan, does not have to be repaid. Only undergraduate students may qualify. Pell Grants may provide a foundation of financial aid to which other aid may be added.
These are Federal need-based grants that were given to just under 4 million students for school year 1994-95. In school year 1995-96, the maximum Pell Grant was $2,340.
Federal grants (gift, not loan) designed to help students with college costs. Eligibility is determined by the FAFSA.
These are federal need-based grants that were given to just under 4 million students for school year 1998-99. In school year 1998-99, the maximum Pell Grant was $3,100.
A federally-funded grant program for low-income undergraduates. Pell grants range from $400 to a maximum of $5,000 (for 2006-2007), often enough to cover in-state tuition at a public institution. Schools receive enough Pell grant funds to award grants to all eligible students.