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Federal Government Pell GrantsContent Last Updated on Friday, Nov 21, 2008 Discover Your Opportunities! Welcome to FAFSA on the Web, U.S. Department of Education. FAFSA opens the door to the federal student aid process. Every step you take will get you closer to achieving your educational goals. Archived - Student Guide 2000-01/Federal Pell Grants Student Guide for 2000-2001. This resource has been archived. Please use the latest version of the Student Guide for up to date Federal Student Aid information. General Information. Federal Pell Grants. Direct and FFEL Stafford Loans be repaid. Generally, Pell Grants are awarded only to For many students, Pell Grants provide a foundation of Student Guide--Federal Pell Grants This section of the Student Guide describes the Federal Pell Grant Program. Federal Pell Grants. What is a Federal Pell Grant? A Federal Pell Grant, unlike a loan to be repaid. 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