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… … 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 demonstrate financial need. Awards are based on your Student Aid Index … 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 adjusted accordingly for three-quarters and half-time enrollment for each payment period.  Cal Grant B recipients who transfer to a tuition/fee-charging school after completing one or two years at a community college may have …