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.
A federal Pell Grant is better than a loan: It's a scholarship, which means repayment is not required. The amount awarded depends on your need, tuition and fees required to attend your school of choice, and whether you are a full-time student or a part-time student.As of the date of publication, the maximum an individual may receive in one academic year is $5,500.he amount awarded depends on your need, tuition and fees required to attend your school of choice, and whether you are a full-time student or a part-time student. As of the date of publication, the maximum an individual may receive in one academic year is $5,500.