Federal financial aid may come in three forms--low-interest loans, grants and work-study. Pell Grants, available based on need, are the most attractive since they are money that does not need to be repaid.
The grants are available to individuals who are citizens or eligible non-citizens, who have a high school diploma or GED, and who are not in default on a student loan.
If you want to a Pell Grant, you have to fill out the Free Application for Federal Student Aid (FAFSA).
For the 2009-2010 academic year, you could receive a Pell Grant for up to $5,350.
You can use your Pell Grant as well as other forms of federal financial aid to pay for tuition and fees, books, supplies, room and board, transportation and childcare.