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… 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 (SAI), as calculated by the results of your … … Iraq and Afghanistan Service Grant … Students may be eligible to receive the Iraq and Afghanistan Service Grant if:  They are not eligible for a Federal Pell Grant based on their SAI, but they meet the remaining Federal Pell Grant eligibility …