Q: If a college student received Pell Grant and decides to put the money in the stock market, he or she will have to pay taxes for the dividend or when they sell the shares. Will the Pell Grant care about this>? does it affect how much money you get from the grant?
A: As far as I know, Pell Grants are paid to help with college expenses. So as long as you're going to school, your tuition has been paid, books have been bought, you're actively going to class and grades are good...it doesn't matter what you do with the money. It's there to help with expenses of college, be it tuition, food, rent, whatever...and if you have extra left over and you wish to invest in the stock market, I say go for it. Good luck, I hope you make it big. (Just remember where you got your money from and start your own college scholarship program for some other teenager.)