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Pell Grants for Kids Q&A (PDF) Pell Grants for Kids Q&A. What is it? An annual $500 federal scholarship that would follow every middle- and. low-income child in America to the school or other approved academic program of his or. her parents' choice. Who is eligible? ... grants and work study and $42 billion in federal. student loans follow about 60 percent of American college students ...
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