What is the Pell Grant?
The Pell Grant is the most important form of government aid to financially needy students. The Federal Government defines Pell-eligible students as those whose families cannot contribute more than $6,000 per year toward their education. Of the recipients, 9 out of 10 have family incomes of $40,000 or less. The percentage of Pell-eligible students at an institution is a strong indicator of the economic diversity of its student body.