do all schools have to accept pell grants
Pell Grant funds are not sent directly to you. Rather, they are sent to the school listed on your application for aid and applied toward tuition costs. If your costs do not equal the amount of the Pell Grant, the unused portion will be returned and not given to you.Pell Grant funds can never be used to pay personal expenses.rants and scholarships are obviously preferable to loans if you are going to seek financial aid. You do not need to pay these monies back, and you can use them for a variety of educational purposes including tuition, books, and living expenses. However, not all grants or scholarships are available at all schools.
Quick information on Pell grants: 1  A Federal Pell Grant, unlike a loan, does not have to be repaid. 2  The maximum Pell grant for the 2015â16 award year (July 1, 2015, to June 30, 2016) is $5,775. The amount depends on your financial need, costs to attend school, status as a full-time or part-time student, and plans to attend school for a full academic year or less. 2  Learn more about Pell grants. 3  To apply, complete the FAFSA.