About

The summary highlights the program's purpose, eligibility criteria, history, and funding. The Pell Grant is a need-based grant that assists undergraduate students in funding their postsecondary education. It is the largest source of federally funded grants for college students. The criteria for determining eligibility include the student's financial need, cost of attendance, and enrollment status. The page also discusses the history of the program, which was established in 1972 as the Basic Educational Opportunity Grant (BEOG) and renamed in honor of Senator Claiborne Pell in 1980. The funding for the Pell Grant is provided by the U. S. Department of Education. The page also addresses controversies and criticisms surrounding the program, such as funding cuts and issues related to its effectiveness. The page covers various aspects of the program, such as the application process, award amounts, and disbursement. It also includes information about recent developments and changes to the Pell Grant, such as the creation of the Pell Grant Lifetime Eligibility Used (LEU) provision. Overall, the Wikipedia page provides a comprehensive overview of the Pell Grant, offering a valuable resource for those seeking information about this vital financial aid program.