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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.
Read on for more information on Pell award amounts, and instructions on how to figure out what your grant will look like. I'll cut right to the chase: for the 2015-2016 academic year, the maximum Pell Grant amount is $5775, whereas the minimum is $600. The average award amount for 2013-2014 was $3541.