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Federal Pell Grant facts. Federal Pell Grants, the largest source of federally funded grants, are awarded solely based on your financial need (academic grades and extra-curricular activities arenât a factor). The maximum award for the 2017-18 academic year is $5,920.
The Federal Pell Grant Program is a need-based program and the amount a student is eligible for is determined when you complete a Free Application for Federal Student Aid (FAFSA). For the 2012-13 academic year, the maximum Pell Grant award is $5,550.