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 Pell Grant is money the government provides for students who need it to pay for college. Grants, unlike loans, do not have to be repaid.Eligible students receive a specified amount each year under this program. Over one-third of undergraduate students received a Pell Grant in 2013-14.he maximum Pell Grant for the 2014-15 award year is $5,730. The amount of the grant depends on your financial need and other factors, including the amount of time you attend college (whether a full academic year or less, and whether you attend full-time or part-time).