Pell Grant

Need-based college aid

A Pell Grant is a federal financial aid award for undergraduate students in the United States, based on financial need and not requiring repayment.

Unlike loans, grants are essentially free money for education: She qualified for a Pell Grant to help cover tuition.

Named after Senator Claiborne Pell, who championed the program in 1972.

Opposites
repayment obligation

Pell Grantstudent loan

Borrowed funds for tuition

subsidized loan · unsubsidized loan · borrowed money · student debt

need-based vs. merit-based aid

Pell Grantmerit scholarship

Award for academic excellence

academic scholarship · athletic scholarship · Rhodes Scholarship · achievement award

source of funding

Pell Granttrust fund

Assets held for another

corporate sponsorship

Family

grant, granting, granted, grants, Grant, grantee, grantor, grantors, granters

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