The Federal Pell Grant Program is the premier grant program for undergraduate students in the U.S. The Pell Grant is a non-repayable grant and is awarded based on financial need.

What happens to unused grant money?

What Happens to Unused Pell Grant Money? ... If some of your grant dollars are unused, the school will issue you a Pell Grant refund. You may receive a check for the remaining amount, or the school may transfer it via direct deposit into your bank account or student account.

Is Grant the same as student loan?

The federal government provides grants for students attending college or career school. Most types of grants, unlike loans, are sources of financial aid that generally do not have to be repaid.