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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 Pell Grant for the 2015-16 award year was $5,775. The maximum Pell Grant for the 2016-17 award year is $5,815. The amount of the grant depends on your financial need and other factors, including the amount of time you attend college (whether a full academic year or less, and whether you attend full-time or part-time).