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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.
Federal Pell Grant-provides the foundation in the undergraduate's financial aid package to which other financial aid may be added based upon the total amount a student is eligible to receive. For 2013-14, Federal Pell Grant awards for full-time students range from $650 to $5,645.