Typically, you do not have to pay back a Pell Grant, and the amount awarded through Pell Grants generally does not accrue interest like student loans. However, in certain situations, like dropping out of school or incompletion of your course, you will likely receive notifications from your school’s financial aid office and will have a reasonable deadline to repay the funds or agree to a repayment plan. It is advisable to read the terms and conditions of your Pell Grant carefully and to contact your school’s financial aid office if you have any questions or concerns.