The term 'BIG NAME IN EDUCATIONAL GRANTS' can be summarized as the Pell Grant. The Pell Grant is a type of financial aid provided by the United States federal government to help students pay for college expenses. It is the largest source of student aid in the United States and is available to undergraduate students who demonstrate financial need. The grant is named after Senator Claiborne Pell, who sponsored the legislation that created it in 1972.