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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.
As of the time of publication, a Pell grant for a full-time student is $5,500, providing the student plans to attend school for the entire year. Students enrolled in fewer credits or for a portion of the school year receive a lesser amount.