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.
You still may have a chance at getting a Pell Grant even if your parents make a lot of money, as this will of course depend on their exact incomes, and your ability to have an EFC value that is below the appropriate maximum cutoff threshold for that particular award year.he Pell Grant is a federal education grant that was designed to provide financial aid to students who demonstrate a high financial need for money to attend college. It was originated in 1972, and was named after the Rhode Island Senator Claiborne Pell.