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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 Federal Pell Grant was $5,645 in the 2013-2014 academic year and $5,730 in 2014-2015. The maximum Federal Pell Grant is expected to increase to $5,775 in 2015-2016.