Pell Grants are only awarded to low- and middle-income undergraduate students who have not earned a bachelor’s or professional degree. For many students, these grants are the foundation of their financial aid package, to which other forms of aid are added.
Unlike student loan, these federal funded grants are free money that do not have to be repaid; making it one of the most preferred ways to get money for college.
via freefafsagov.com
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