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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 maximum Pell Grant for the 2015-2016 award year is $5,775 and the maximum Pell Grant award for each term is $1,925. The Expected Family Contribution (EFC) range for Pell Grant eligibility is 0 â $ 5,198.