What is ‘Federal Pell Grants’, through which students get money to study in the US? Know complete details here

US Federal Pell Grant Explained: Competition for jobs across the world has increased so much that higher education has become necessary for everyone. Some people choose their own country to get a college degree, while some even go abroad. America has long been a top study abroad destination for Indian and foreign students due to its world-class universities. The universities here provide excellent education to every student.
However, studying in America can be much more expensive. For this reason, many types of scholarships and grants are given by universities to help the students. One such financial aid given to students is ‘Federal Pell Grants’, which are accepted in institutions like Yale University and Massachusetts Institute of Technology (MIT). Let us know how to apply for this and by fulfilling what conditions it can be achieved.

What is the Federal Pell Grant and who is eligible for it?

Federal Pell Grants are a financial aid program awarded to students based on need. It is given to those students who want to pursue college or further studies. These grants are given only to those students whose financial condition is weak and who have not yet obtained a bachelor’s, graduate or professional degree. In simple language, if your financial condition is not good and you want to pursue higher education then you are eligible for it.

How to Apply for a Federal Pell Grant?

Students who wish to receive a Federal Pell Grant must complete and submit the Free Application for Federal Student Aid (FAFSA) form. This form is available online. Colleges and universities use the information from this form to determine whether a student is eligible to receive funds. How much money will be given to the student. This is also decided on this basis. Students need to fill out the FAFSA form every year in order to continue receiving this grant.

How much money is received under the grant?

According to the official website of Federal Student Aid, the amount received under Federal Pell Grant varies every year. For example, a maximum of $7,395 was given to a student in the academic year 2024-25. In some cases, eligible students may receive up to 150 percent of the Pell Grant amount awarded in a given academic year. Unlike a loan, there is no need to repay this money. But in some cases it may have to be returned.