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… Aid - Programs - Federal (UC) … Federal Financial Aid Programs … Federal Pell Grant … The Federal Pell Grant provides gift aid assistance to undergraduates who have not yet earned a baccalaureate or first professional degree and who … plus interest. We urge all first-time borrowers to spend time learning about the loan process and their responsibilities so that they can make informed choices about their education. If you borrow federal student loans, you can track your loans … your award will be held in reserve for up to three years until you transfer to a bachelor’s degree program.  Cal Grant B  Provides subsistence payments for new recipients in the amount of $1,648 for a full-time, full year award. Payments are …