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.
The Federal Pell Grant program provides financial aid money to students on a need-basis. These grants do not have to be repaid. These grants are available to low income undergraduates and some graduate students. Grant money can be used at over 5,400 universities and colleges that participate in the Pell Grant program.