Definition of 'pip'. pip (pÉªp ) Pips are the small hard seeds in a fruit such as an apple, orange, or pear. If someone is pipped to something such as a prize or an award, they are defeated by only a small amount.
A Pell Grant is generally considered the foundation of a student's financial aid package, to which other forms of aid are added. The Federal Pell Grant program is administered by the United States Department of Education, which determines the student's financial need and through it, the student's Pell eligibility.
Federal Pell Grant. The Federal Pell Grant is need-based. Eligibility for Pell is determined from the information provided on the FAFSA. The Pell Grant is not a loan, and therefore is not required to be paid back. Pell Grants are not available to students who have received a bachelorâs degree. Paying for College.