Let’s start with the basics. What is a Pell Grant?
A Pell Grant is a form of federal financial aid provided by the government to college students to help supplement education costs. The Pell Grant is only given to students who demonstrate financial need. A student’s financial need is determined by the information shared on the Free Application for Federal Student Aid (FAFSA®).
The Pell Grant can be used for:
- School fees, such as technology fees
- School supplies
- Room and board
- Costs that occur surrounding child care for a student’s dependents
The Pell Grant is a need-based federal grant awarded to undergraduates working towards their first Bachelor’s degree. To apply, the student needs to file a FAFSA® every year.
Schools will include the Pell Grant award in the financial aid offer letters they send to qualifying students. The funds can used towards a remaining tuition balance and can be given directly to the student. We always recommend applying all of the Pell Grant to your college bill because it is free money that can be substituted for student loans.
Are you eligible to get the Pell Grant? – See what the eligibility requirements are to get Pell Grant aid.
How much money can you get from FAFSA®? – Learn about how much money you can get toward your tuition and other school related costs by filling out the FAFSA®.
Do you need to report your FAFSA® money on your tax return? – Get details on how grants, like the Pell Grant, and other types of financial aid affect your tax return.