The Pell Grant - Free Government Money for Tuition, Books, and Living Expenses
January 17, 2010
A Pell Grant is a financial-needs-based Federal government grant that you never have to repay. The Federal government began awarding it in the 1960's and it was named after Claiborne Pell, a United States Senator. The reason behind the creation of this grant was to help poor have the opportunity to receive a college education. Because of this, it is only given to low-income undergraduate students.
These grants must be used at one of the 5,400 participating institutions. Your school will use the grant money to pay off your school tuition and fees or pay you directly usually by check. Money is disbursed at least once a semester.
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