What is a Federal Pell Grant?

What is a FD Pell Grant?

• i have recently applied to college. they have just recieved my transcripts and SAT scores yesterday. i applied for financial aid. it i log in to check my application status i click fiancial aid and then i click award overwies and ti says i have recieved the most of a FD Pell Grant fro $5550. basically my question is what is a FD Pell Grant and can i still recieve financial aid & when and wehre do i recieve this FD Pell Grant?

• Answer:

  This probably is an abbreviation for Federal Pell Grant. Grant by definition is money you can receive for college and not have to repay. When you submitted your FAFSA, you were applying for "financial aid." "Financial aid" includes grants ("free money"), work study (student employment, the "earned money"), and loans ("borrowed money" that has to be repaid later with interest). The Pell Grant is only of the best types aid because it is "free money." More information about the Federal Pell Grant is available at https://studentaid.ed.gov/PORTALSWebApp/students/english/PellGrants.jsp?tab=funding--this is an official Federal Student Aid website. At some point either right before your classes start or at a certain time after your classes start, the Pell Grant money will be paid to your school and then they will pay it towards what you owe for classes or on campus housing. If there is anything leftover, then they will issue it to you as a refund to use for other expenses like a laptop, gas, etc.