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Student Loans:  The Federal Pell Grant

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What is a The Federal Pell Grant?

A Federal Pell Grant is a grant and not a loan. And therefore, unlike a loan, The Federal Pell Grant does not have to be repaid. Usually, The Federal Pell Grant is awarded only to undergraduate students who have not yet obtained a bachelor's or professional degree. (A professional degree is usually obtained after a bachelor's degree in a field such as medicine, law, or dentistry.) In some cases, you might receive a Pell Grant for attending a post-baccalaureate teacher certificate program.

Pell Grants are usually a foundation of financial aid, to which aid from other federal and nonfederal sources might be added.
 

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