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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.
Award Amount. The amount each student gets depends on: Financial need; Cost of attendance; Status as a full-time or part-time student; Plans to attend school for a full academic year or less; The maximum Federal Pell Grant award is $5,920 for the 2017â18 award year (July 1, 2017 to June 30, 2018). Amounts can change yearly. Learn more.