Which students are eligible for the Pell Grant?

Study for the NASFAA Student Eligibility Test. Use flashcards and multiple choice questions, with explanations and tips for better understanding. Prepare effectively for your exam!

The Pell Grant is specifically designed to assist undergraduate students who demonstrate exceptional financial need. This program is aimed at helping those who may not have the financial resources to cover their educational expenses, making the support it offers essential for low-income students pursuing their first undergraduate degree.

While there are many types of federal financial aid available, including loans and grants for graduate students, the Pell Grant is distinct in its focus on undergraduates. Furthermore, eligibility is not restricted to only full-time students; part-time students with the same financial need may also qualify, so the notion that only full-time students are eligible does not apply. Additionally, not all students receiving any form of federal financial aid will qualify for a Pell Grant, as specific criteria regarding financial need and undergraduate status must be met.

Understanding these details emphasizes the importance of the Pell Grant as a resource for those in need, particularly in making higher education more accessible for students who might otherwise struggle financially.

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