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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 2014-2015 award year (July 1, 2014 â June 30, 2015), the maximum Pell Grant available is $5,730. Conversely, the minimum is $573. This yearâs Pell Grant is an increase of $85 from the $5,645 maximum in 2013-2014. The maximum and minimum Pell Grant amounts are set by law.