The Pell Grant, originally known as the Basic EducationalOpportunity Grant (BEOG), was established in 1973 by SenatorClaiborne Pell from Rhode Island. The program was originallyconceived during the 1972 reauthorization of 1965’s HigherEducation Act as a means to assist low-income individuals inovercoming financial barriers to higher education.In order to encourage low-income households to pursuepostsecondary education, Pell Grants offers additional funds toindividuals who already qualify for need-based financial aid.Eligibility for a Pell Grant is determined by factors such as thestudent’s Expected Family Contribution (EFC), cost of attendance,and enrollment status (full- or part-time). Furthermore, thestudent must have earned a highschool diploma or GED and not yethave completed a Bachelo