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.
Pell Grants provide federal grant money to low and middle income undergraduate students. Individual awards vary. For 2015 - 2016 school year, the maximum Pell Grant is $5775. The basic Pell Grant requirements are: The Pell Grant application is the same one for other federal student financial aid-the FAFSA.