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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.
For the 2016-17 school year, the maximum Pell grant amount is $5,815. This is comparable to previous years in the recent past in which the grant has hovered above the $5,000 range.