What is a college grant and do I have to pay it back? Well if you are eligible for financial aid and most people are you can get money from the Federal Government to help pay for college.
The grant you most likely will receive is called a Pell Grant. What is a Pell Grant and can anyone get one?
The Pell Grant is a government paid grant for education expenses and only those who can prove they have a need can get one. You have to show both your tax return but also your parents tax return if you are still a dependent.
The maximum Pell Grant for the 2014-15 award year was $5,730 and for 2015-16 it is $5775. The amount of the grant depends on your financial need and other factors, including the amount of time you attend college (whether a full academic year or less, and whether you attend full-time or part-time).
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