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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A Pell Grant is money the federal government provides for students who need it to pay for college. Federal Pell Grants are limited to students with financial need, who have not earned their first bachelor's degree or who are not enrolled in certain post-baccalaureate programs, through participating institutions. The Pell Grant is named after U.S. Senator Claiborne Pell, Democrat of Rhode Island, and was originally known as the Basic Educational Opportunity Grant. A Pell Grant is generally considered to be the foundation of a student's financial aid package, to which other forms of aid are added.