Which one of the following statements is wrong?

		A Pell Grant is a federally funded grant awarded to undergraduate students who have not learned a Bachelors or graduate degree.
		One type of Stafford loan is the FFEL Stafford Loan, where funds are lent to the student through a lender who participates in the FFEL program.
		The EFC calculation, which is based on a student s ACT score, is used to determine eligibility and / or award amount for a Pell Grant.
		One type of Stafford loan is the direct Stafford loan that is provided directly to the student from the Department of Education.